3.1 The following table shows imports and exports of goods during the 20142015 period for India: Exports
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3.1 The following table shows imports and exports of goods during the 2014–2015 period for India: Exports Imports Electrical machinery and equipment 6,200 20,276 Petroleum products 18,074.41 47,876.78 Drugs & pharmaceuticals 8,824.50 2,921.99 Textile yarn/made up articles 2,605 990 All values are in Rupee crores Source: http://commerce.gov.in What, if anything, can you conclude about India’s comparative advantage? What stories can you tell about the wide disparities in textiles and electrical machinery?
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Related Book For 
Principles Of Microeconomics
ISBN: 9780691150093
13th Global Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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