levo

Trade in the Contemporary World

India: trade patterns of an emerging economy

  • 3 things to know
  • Component 02

Overview

Recall questions on India as an emerging economy, its main export markets and import sources, merchandise and IT service exports, its goods deficit and remittances, the 1991 liberalisation and its changing export mix, Bengaluru, generic medicines, environmental and political interdependence, withdrawal from RCEP, and the economic and social effects of trade-led growth.

What you need to know

Answer each one before you reveal it.

Your recallNot started
Key term

Name India's largest single export market.

Key term

Which country is India's largest source of imports?

Key term

Describe the main components of India's merchandise exports.

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    Why is India classed as an emerging and developing country?

    Model answer

    It combines rapid growth, fast industrialisation and a large service sector with widespread poverty and only a medium score on the Human Development Index.

  2. 2

    Name India's largest single export market.

    Model answer

    The United States is India's largest single export market.

  3. 3

    Which country is India's largest source of imports?

    Model answer

    China is India's largest single source of imports.

  4. 4

    Describe the main components of India's merchandise exports.

    Model answer

    Refined petroleum products, gems and jewellery, pharmaceuticals, chemicals, engineering goods and textiles.

  5. 5

    What dominates India's import bill, and why?

    Model answer

    Crude oil dominates, because India produces only a small share of the oil it burns and must buy the great majority of its crude abroad.

  6. 6

    What is India's most valuable category of service export?

    Model answer

    Information technology and business process services are India's most valuable service exports.

Other ways to work this

The same content, four other ways.

What is inside Levo

Six ways to work the same material.

1Closed book
2Open book
3Closed book

The 3-step method, run for you

Answer cold, learn it, then prove it stuck. Levo tracks the jump between your first attempt and your last.

Coastal Landscapes
Glaciated Landscapes
Dryland Landscapes
Earth’s Life Support Systems

Cram a whole paper in one sitting

Sort every topic into what you know and what you do not, then drill only the weak ones.

Hotter magma is .
runnierthickerslower

Blank Blitz makes facts automatic

Rapid timed gap-fills on the terms and numbers you need to recall without thinking.

AThe lower quartile is the 2nd value, 11 cm.
BThe upper quartile is the 6th value, 16 cm.
CThe interquartile range is 16 − 11 = 5 cm.

Build It gets the exam shape right

Assemble a full-mark answer from its marking points, in the order an examiner wants them.

The sunspot cycle lasts about 11 years.
TrueFalse

Test It catches misconceptions

Spot the fault in a statement. The traps are the mistakes students actually make.

721941163128510

Brain Breaks between sessions

Short focus games to reset attention, so the next set lands better than the last.

Every question in Trade in the Contemporary World, on a schedule.

Attempt a question from memory, write the correct version, then attempt it again. Levo records the jump between your first attempt and your last, and brings each question back on the day you are due to forget it.

Or £46 a year, about £3.83 a month. Cancel anytime.