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What is trade surplus?

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What is trade surplus?

Posted by Anjali Vishwakarma 7 years, 1 month ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 7 years, 1 month ago

British manufactures flooded the Indian market over the nineteenth century. Food grain and raw material exports from India to Britain and the rest of the world increased. But the value of British exports to India was much higher than the value of British imports from India. Thus Britain had a ‘trade surplus’ with India.

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