Almost 90% of India’s Foreign trade by volume and 70% of India’s Foreign trade by value is transported by _________.
Maritime Transport
India's foreign trade involves the movement of goods between India and other countries. This movement requires various modes of transport, each playing a specific role based on factors like cost, speed, volume, and type of goods.
Let's consider the main transport modes used for India's foreign trade:
The question provides specific statistics regarding India's foreign trade: almost 90% by volume and 70% by value. These figures are key to identifying the dominant transport mode.
Maritime transport, or shipping, is uniquely suited to carrying vast quantities of goods at a relatively low cost per unit compared to air, road, or rail over long distances. India has a long coastline and numerous major and minor ports, making sea routes the most feasible and economical option for connecting with global markets for the majority of its imports and exports.
The fact that nearly 90% of India's foreign trade by volume and 70% by value is transported this way clearly indicates that bulky, heavy, or large consignments, even if sometimes lower in per-unit value, make up the vast majority of trade volume and a significant portion of the total value. Maritime transport is the only mode capable of handling such massive volumes efficiently and economically for international trade.
Therefore, based on the given percentages, Maritime Transport is the primary mode for India's foreign trade.
Which of the following Indian states has the greatest number of sugar mills?
Consider the following crops:
1. Cotton
2. Groundnut
3. Rice
4. Wheat
Which of these are Kharif crops?
India possesses an expansive and continuously growing road network, vital for its economic and social development. When considering the cumulative length of national highways, state highways, and other categories of roads, India's road system is surpassed in total length by only one other country globally. What is India's rank in the world in terms of its total road network length?
According to the 2011 Census of India, which state has lowest population density?
In India, oil wells are found in: