Activity

Activity Find out the countries which have trade relationship with India. Types of Trade Trade in general, is of two types. They are . Internal trade . International trade The trade carried on within the domestic territory of a country is termed as Internal trade. It is also called as Domestic trade or Local trade. Land transport (roadways and railways) plays a major role in this trade. Local currency is used in internal trade. It helps to promote a balanced regional growth in the country. Trade carried on between two or more countries is called International trade. It is also called as external trade or foreign trade. Export and Import are two components of International trade. Export means goods and services sold for foreign currency. Import means goods and services bought from overseas producers. Waterways and Airways play a vital role in this type of trade. Foreign currency is involved in international trade. The trade between