CBSE Class 11-commerce Answered

Main objectives of import trade:

1. To speed up industrialisation: Developing countries import certain raw materials, which are scarce, and other capital goods. Advanced technology is also imported for rapid industrial development.
2. To meet consumer demand: The goods which are in demand but are not available within the country to meet consumer demand are imported.
3. To ensure national defence: India imports equipment for its Armed Forces (Army, Navy and Air Force). This enables the country to ensure its sovereignty and territorial integrity.
4. To overcome famine: A country can import food grains and other essential commodities to overcome starvation at the time of famine.