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India’s International Trade:

Opportunities and Challenges

• Ricardian Theory states that it


is best to produce what you Infrastructure constraints
Supply Bottlenecks
can do most efficiently and Exporters sometimes fail to meet
Due to changing weather conditions, the delivery schedule due to the
buy what you produce less Indian exporters face problems in power shortage, labor & port
efficiently fulfilling the export requirements. strikes and also due to the
• Liberalisation impacts not only Key Issues condition of highways
related to
people in the economic sphere International
but also social, political and Trade
cultural spheres making cross High Trade Costs
border impacts on the Low innovation and productivity
countries leads to high cost of the product. It is
true

World Trade (% of GDP)

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