Discuss the main features of India's foreign trade.

India's foreign trade has several distinctive features that characterize its international economic interactions. These features have evolved over time and reflect the country's economic structure, policies, and global positioning. Here are the main features of India's foreign trade:

1. Diverse Export Basket: India has a diverse range of exports, including goods and services. While traditionally known for exporting agricultural products and textiles, its export portfolio has diversified to include engineering goods, software services, pharmaceuticals, chemicals, and jewelry.

2. Import Dependence: India relies heavily on imports for various essential commodities, such as crude oil, machinery, electronics, and precious metals. This import dependence can lead to trade deficits and vulnerability to external price fluctuations.

3. Trade Deficits: India has historically faced trade deficits, meaning that its imports have exceeded its exports. This trade imbalance can _______ __________ _________ ______ ___.
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