India's booming economy includes growing trade with the U.S.
Position | Graph Exercise |
A key part of India's sizzling economic miracle is its trade with the rest of the world, including the United States. In 2002, India became the 19th-largest exporter to the U.S. (up from 22nd place in 2001). Americans have a strong and growing appetite for all kinds of Indian products. Among these are diamonds, carpets, silk fabrics, antibiotics, and enough shrimp and cashew nuts to feed a small army. In recent years, Indian software companies have sold more than $3 billion worth of their high-tech products to companies in the United States.
In exchange, India buys American airplanes and parts, computers, electrical machinery, and appliances. As the graphs show, Indians have a big surplus in their trade with the U.S. Use the data to answer the questions below.
1. The graph shows a slow but steady rise in U.S. exports to India. Between 1994 and 2002, the value of U.S. exports to India rose by almost (a) 60% (c) 80% (b) 70% (d) 90% 2. Between 1993 and 2002, Indian exports to the U.S. rose by almost (a) 160% (c) 140% (b) 150% (d) 130% 3. In 2002, India sold approximately $2.1 billion worth of clothing to the U.S. What was the approximate value of other...
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