FREE IGNOU IBO 03 Solved Assignment 2024-25 | India’s Foreign Trade Solved Assignment 2024-25: IBO 03 Solved Assignment 2024-25 , IBO 03 Assignment 2022 , FREE IBO 03 Assignment , IGNOU Assignment 2024-25- Gandhi National Open University had recently uploaded the assignments of this session for Management for the year 2024-25. Students are recommended to download their Assignments from this web page itself. IBO 03 Solved Assignment 2024-25 They don’t need to go anywhere else when everything regarding the Assignments are available during this text only.
FREE IGNOU IBO 03 Solved Assignment 2024-25 | India’s Foreign Trade
| University | IGNOU (Indira Gandhi National Open University) |
| Code | IBO 03 |
| Title | India’s Foreign Trade |
| Language | English |
| Session | July 2024-January 2025 |
IBO 03 Solved Assignment 2024-25 : for college kids – IBO 03 India’s Foreign Trade Solved Assignment 2024-25, Students are advised that after successfully downloading their Assignments, you’ll find each and every course assignments of your downloaded. Candidates got to create separate assignment for the IGNOU Master Course, so as that it’s easy for Evaluators to ascertain your assignments.
Q1. Outline the changing pattern of India’s foreign trade with reference to composition of foreign trade.
India’s foreign trade patterns have undergone significant changes over the years, reflecting shifts in global economic dynamics, domestic policy reforms, and evolving trade relationships. Here’s an outline highlighting the changing pattern of India’s foreign trade with reference to the composition of foreign trade:
Pre-Independence: India was primarily an exporter of agricultural commodities and raw materials, while importing finished goods from colonial powers.
Post-Independence (1950s-1980s): Emphasis on import substitution industrialization (ISI), leading to protectionist policies and limited foreign trade.
Liberalization Era (1991 onwards): India embarked on economic liberalization, opening up its economy to foreign trade and investment, leading to significant changes in trade patterns.
Early Years: Dominated by primary products such as tea, jute, cotton, spices, and minerals.
Industrialization Phase: Shift towards manufactured goods, particularly textiles, garments, and handicrafts.
Post-Liberalization: Diversification of export basket with the emergence of IT services, pharmaceuticals, automotive components, and engineering goods as key export sectors.
Services Sector: Growth of services exports, particularly in IT and IT-enabled services (ITES), software, business process outsourcing (BPO), and professional services.
Pre-Liberalization: Heavy reliance on imports for capital goods, machinery, technology, and petroleum products.
Post-Liberalization: Increased imports of capital goods, machinery, electronics, and petroleum products to support industrial growth and infrastructure development.
Consumer Goods: Rising imports of consumer durables, automobiles, electronics, and luxury items due to increasing consumer demand and changing lifestyles.
Historical Partners: Traditionally, the UK, US, and other European countries were major trading partners.
Regional Focus: Strengthening trade ties with neighboring countries like China, ASEAN nations, and Gulf countries.
Global Engagement: Increasing trade with emerging markets such as Brazil, Russia, South Africa (BRICS), and African countries.
Bilateral Agreements: Growing emphasis on bilateral trade agreements to expand market access and foster closer economic ties with key partners.
Export Promotion: Introduction of export promotion schemes, tax incentives, and measures to enhance competitiveness.
Import Substitution vs. Export Orientation: Shift towards export-oriented policies with a focus on boosting manufacturing and services exports.
Trade Facilitation: Improving trade infrastructure, logistics, customs procedures, and ease of doing business to reduce transaction costs and facilitate trade.
Structural Challenges: Infrastructure bottlenecks, regulatory hurdles, bureaucratic inefficiencies, and logistics constraints impacting trade competitiveness.
Globalization Opportunities: Access to global markets, integration into global value chains, and leveraging India’s demographic dividend for export-oriented growth.
Technological Disruptions: Harnessing digital technologies, e-commerce, and innovation to enhance export competitiveness and expand market reach.
Continued Diversification: Efforts to diversify both export and import basket to reduce dependency on specific sectors and sources.
Regional Integration: Strengthening regional economic cooperation through initiatives like the Regional Comprehensive Economic Partnership (RCEP) and bilateral free trade agreements.
Sustainability and Inclusivity: Embracing sustainable trade practices, promoting MSME participation in global trade, and ensuring inclusive growth benefits all segments of society.
This outline provides a broad overview of the changing pattern of India’s foreign trade, highlighting key trends, drivers, challenges, and policy responses shaping the country’s trade dynamics.
Q2. Textile and clothing sector occupies a pivotal role in the economy of the developing countries. Elucidate with reference to the Indian economy.
Q3. Describe Indo-ASEAN trade and economic relations.
Q4. Write short notes on the following:
a) Balance of Payments
b) Trade Related Intellectual Property Rights (TRIPS)
Q5. Comment briefly on the following statements:
a) Trade facilitates the flow of capital and speed up the acquisition of new technology.
b) Foreign investment has been considered as an important vehicle of economic growth.
c) Agricultural products from the country have immense export potential.
d) Services are important for Indian economy.
IBO 03 India’s Foreign Trade Solved Assignment 2024-25: Those students who had successfully submitted their Assignments to their allocated study centres can now check their Assignment Status. Alongside assignment status, they will also checkout their assignment marks & result. All this is often available in a web mode. After submitting the assignment, you’ll check you IGNOU Assignment Status only after 3-4 weeks. it’d take 40 days to declare. IBO 03 Solved Assignment 2024-25
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Those students who had successfully submitted their Assignments to their allocated study centres can now check their Assignment Status. Along with assignment status, they can also checkout their assignment marks & result. IBO 03 Solved Assignment 2024-25 All this is available in an online mode. After submitting the assignment, you can check you IGNOU Assignment Status only after 3-4 weeks. It might take 40 days to declare.
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