Research Article | Open Access
THE HISTORY AND EVOLUTION OF INTERNATIONAL TRADE
Rakshit Negi
Pages: 2475-2480
Abstract
A business is any endeavor undertaken with the explicit intention of making a profit. The word "business" encompasses two eras, each with their own definition of what it means to maximize profit, prosperity, and value. The spectrum of issues pertaining to a company's portfolio in the context of growth, diversification, alliance formation, and other entry mode options is greatly increased by the maximizing target. In today's environment, expanding domestic businesses onto the global stage and fostering peaceful relationships between nations are necessities that allow us to meet our needs. This study makes an effort to analyze the crucial economic variable that is the growth potential of our economy: commerce with other countries. The current articles discuss the significance of international commerce for the Indian economy, and they attempt to investigate the link between such trade, foreign investment, and rising gross domestic product. The Karl Pearson coefficient method is used to examine the degree of association between two variables.
Keywords
GDP, GNP, FDI, foreign trade, foreign reserves,imports, and exports