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Q.

Choose the given statement as true/false:

Ports have significance in India’s economy.

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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
Ports have significance in India’s economy. India’s foreign trade is influenced positively by the presence of numerous ports along the eastern and western coasts of India. Being a peninsula, the water bodies surrounding the country form the path for international trade. As of March 2022, 95% of India’s trade volume is handled by the ports making up around 70% of the total trade value. The major exports from India include spices, jute, cotton, coal, tea, and engineering goods.
 
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