question_answer

Why there was the need for export promotion in India?

I. Primary products exporting countries have an unfavourable term of trade. The earnings from primary product exports were low and unstable

II. Secondly, the quality of Indian products was not up to the world standards due to which we could not sustain markets.

III. Third, only residue products were mainly exported. The fact that export earnings also contribute to economic development was overlooked.

A) I & III                           

B) II & III

C) Only III           

D) All the above