Should india encourage exports
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Export means to supply goods to other countries. Export is medium to fulfill the needs of world by supply goods from one country to another. Exports results in increase of foreign exchange reserve.The more will be export, the more will foreign exchange reserve. Export is only possible if a country has manufactured a product more than enough for its use. The manufactured product which left after need of a country then it is exported to other countries. in India import is more than export because India do not have market to export and India is a agriculture based country so to fulfill need of our country import of goods manufactured in other country is needed. In India export of services is more than export of goods. Before 11th century the export of India was more than import due to which the economy of India was very good. Government of India should encourage export to other countries by searching market there. Because if there is more export then the need of manufacturing of goods and services will be increase and this increase in needs of goods more man power will be required. This requirement of man power results decreasing of unemployment in India. Due to which per capita income of India will increase. As example The economy of China was same as India, 50 years from now. China increased manufacturing of goods rapidly and open the market for manufacturing companies of other countries to invest their which results in more manufacturing. The product manufactured there was exported to other part of the world which results in increase of GDP and economy of China and now it is second biggest economy with $14.14 trillion of economy and first rank in GDP.
India should manufacture more goods by doing hard work and export should be increased. To increase more export the value of Indian currency should be depreciated so that Indian goods should be sold in other countries at low rate and become cheaper than product of other countries.
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