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Water Transport In India
''Water transport in India'' has played a significant role in the country's economy and is indispensable to foreign trade. India is endowed with an extensive network of waterways in the form of rivers, canals, backwaters, creeks and a long coastline accessible through the seas and oceans. It has the largest carrying capacity of any form of transport and is most suitable for carrying bulky goods over long distances. It is one of the cheapest mode of transport in India, as it takes advantage of natural track and does not require huge capital investment in construction and maintenance except in the case of canals. Its fuel efficiency contributes to lower operating costs and reduced environmental impact due to carbon. India has 14500 km of inland waterways. Out of which only 5685 km are navigable by mechanized vessels. Since 1947, India has made great progress in shipping and gradually became the second largest shipping country in Asia and sixth largest in the world. Ind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Organization. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
