4. Change in Import

Earlier India used to import almost all types of machinery, precision instruments, surgical equipments, automobiles, and electrical goods. Now India is exporting all sorts of machinery including vehicles, electronic, and chemical goods, and importing raw materials like diamonds, precious stones, gold, cashew-nuts, jute, mineral ores, and raw and semi-processed raw materials.

About 96 per cent ot our foreign trade is carried out through sea routes. Trade through land routes is limited either because of the physical barriers of Himalayas or the less friendly relations with the neighbours.