Outline the changing pattern of India’s foreign trade with reference to composition of foreign trade.

India’s foreign trade has undergone significant transformations over the decades, both in terms of its composition and volume. The changing patterns of India’s foreign trade can be analyzed from various perspectives, including the shift in its major export and import items, trading partners, and the economic policies that have shaped these developments.

Historically, India’s foreign trade was dominated by agricultural products and raw materials, particularly during the pre-independence era when India was primarily an exporter of commodities like textiles, spices, and raw materials to its colonial rulers and other foreign markets. The composition of foreign trade during this period was largely influenced by colonial policies, which made India more of a supplier of raw materials and a market for finished goods from Britain.

Post-independence, India sought to diversify its foreign trade and reduce its dependence on foreign powers. The composition of trade during the 1950s and 1960s was characterized by the export of primary commodities such as agricultural products, minerals, and cotton, while imports were primarily composed of machinery, industrial goods, and petroleum. This period was marked by import substitution industrialization (ISI), a strategy aimed at ___ _____ _________ __________ __________ _________ ________.
_____ ______ ______ _______ _______ _____ _______ ______ _____ _________ ___.
______ ____ __________ ___ ________ ____ _____ ______ _________ _________ ___ __________.
__________ _________ ____ _________ _________ _____ ________ ______ _______.
___ _________ _______ __________ _________ _____ _______.
________ ________ ___ ____ _____ __________ ______ ______ ____ _______.
__________ ______ ___ __________ ________ _________ _______ _________ _________ ____ ____.
_______ _____ __________ ________ ____ _____ ________ _____.
____ _________ _______ ________ ______ ________ ____.
___ _______ ________ ____ _________ __________ __________ ________ ___ _____.
______ _________ _________ ________ ______ _______ _______ __________.
___ __________ ____ _________ _______ ________.
_________ _________ ______ _______ __________ _____.
_______ ____ _____ __________ _________ __________.
____ _____ _________ ________ ______ ____.
__________ ___ ___ ________ _________ _____ ______ ____.
________ ____ _____ ___ ______ ___ _____ ________ ____ _________.
________ __________ ___ __________ ____ _____ ___ _________.
________ ____ ______ _______ ________.
________ ____ ____ ____ _________ _______ _______.
_____ ________ __________ ___ ____ _______ ____.
______ ________ _______ ________ __________ __________ ________.
_________ __________ ______ _______ _________ ______ ___ _______.
_____ ________ _________ ________ __________ ______.
_____ ______ _____ ____ ____.
_____ _________ _________ _____ _____ ______ ________ ______ ________ _______ ______ _______.
______ ____ _____ _________ _______ ____ _______ ______ ___.
_____ ____ __________ __________ ________ _____ ______ ______.
________ ______ ________ ________ __________ ______ ________ ______ _______.
_______ ______ _______ ________ ___ _________ ___ ___.
_______ _____ _____ ________ _____ ________ _______ ________.
______ _______ ______ _________ ______ ______ ___ ______ ___ ______ ________.
______ ___ _______ __________ _________ ______ ___ ______.
________ ________ ________ _________ _______ ______.
______ ____ __________ __________ ______ _______ ________ _______ ______ __________ ________.
_____ _____ ____ _________ ________ ________ ________ __________ __________ ______ ______ _________.
____ ___ ________ ___ ______ _____ __________ ___ ___.
_____ _________ ______ _______ _________ ____ _____ ______ ______ ______ ______.
_______ ______ __________ _________ ______ _______.
___ ________ __________ __________ __________ _____.
___ ___ ______ __________ _______ ____ _________.
____ _________ _________ _______ _________ ____ __________ _________ _______ ____ __________ ________.
______ _____ _________ ______ _________ _______ _____ _______ _______ _____ ___ __________.
__________ ____ _________ ____ ____ ________ ______.
_________ _______ _________ ____ ___ _____ ___ ___.
_____ ______ _______ ____ ______ _________ ____.
___ _______ _______ ___ _____ ______ _______ ________ ___ __________.
________ ________ ____ ____ ______ ____ _____ ____.
_______ __________ _________ __________ _________ ___ _______.
__________ __________ _____ _______ ___.
_________ ______ ____ ________ _____.
_______ __________ ____ ____ ____ _____ ___ ____.
_______ _____ _____ _______ _____ __________ _____.
______ _________ _____ ___ ___ __________ _____ ___ ________ _____ ___.
_______ __________ ____ ____ __________.
______ ___ ______ ____ __________ _______ ___ ___ __________ __________ ___.
____ __________ _________ _____ __________ ________ ________ __________ _____ ___ _______ ________.
_____ _______ ________ _________ _______ _______ _______ ____ _____ _________ _________.
________ _________ ________ ____ ________ ________.
_________ _______ _______ __________ ______ ____.
_______ _______ _________ ___ ______ ________ ___ _________ _______.
_____ ______ _______ ___ ____ ______ ___ __________ ___ ___.
_________ ____ ___ ___ ___ ___.
______ ________ ____ ________ ______ _______ ____ ______ _____ _______.
__________ _________ _____ ________ __________ _____.
________ _________ ___ __________ __________ __________ ____ ___ _________.
______ ______ ______ _____ ___.
_____ _____ ____ _____ ______ ________ ___.
________ ___ ______ __________ _____ _____ __________ _____ _______ ____ __________.
___ ______ _____ _______ ___ __________ ___ _________ _____ ____.
________ _______ ____ __________ _______ ___ _________ __________.
___ ________ _______ _____ ____ ________ ______ _______.
_____ ___ ___ __________ __________.
__________ _____ ___ ________ _____ ______.
________ ____ ___ ____ _______ _________ __________.
________ _______ ________ _______ _________.
__________ ____ _____ ________ _____ _______ __________ __________ _____ ________.
_______ ____ ________ ____ ________ ______ _________ ________ _____ ______ ____.
_____ ___ ________ _______ __________ ______ ___ _________ ________.
_______ ___ ____ _____ ____.
____ ________ ______ ______ _______ __________ _____ ________ _____ _____ _________ _______.
____ _____ ______ __________ __________ ____ ___.
______ ____ ___ ______ __________ ________ _________ ___ ____.
_________ ________ ___ ____ __________ _________ _____.
__________ ________ ___ _______ _____ _________.
________ _____ _______ __________ ______ ________.
________ _________ ________ _______ __________ ________ _________.
_________ __________ ______ __________ _________ __________ _______ _____.
__________ __________ _______ ________ _____ ___ _____ _________ ________.
__________ _____ ________ ___ _____.
________ ___ _______ ____ _____ ______ _______ _______ __________ ______ ________ ____.
______ ________ ___ __________ ________.
Get Full Answer on WhatsApp