Indicate the volume and direction of trade at the time of independence



Volume : At the time of independence the volume of India’s trade increased tremendously. Exports were more than imports. Its exports were wheat, rice, sugar, precious stones, etc. and the imports were wools, steel, pearls, copper, paper, perfume, etc.
Direction: With respect to direction, more than half of India’s foreign trade was made with Britain. The ; rest was allowed with other countries like China, Sri lanka and Persia.