IGNOU IBO 03 Solved Assignment 2024-25


IBO 03 Solved Assignment 2024-25

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Course Code: IBO 03

Assignment Code: IBO 03 ASST/TMA/2024-25

Marks: 100

NOTE: All questions are compulsory

Note: Attempt all the questions and submit this assignment to the Coordinator of yourstudy centre. Last date of submission for July 2023 session is 31st October, 2023 and for January 2024 session is 30th April 2024.

Q1. Outline the changing pattern of India’s foreign trade with reference to composition of foreign trade.

The changing pattern of India's foreign trade, particularly in terms of composition, has evolved significantly over the years. Here's an outline of the general trends:

Historical Background:

Pre-independence era: India's trade was predominantly focused on agricultural products and raw materials.

Post-independence (1950s-1970s): Import substitution industrialization (ISI) policies led to a focus on import substitution, leading to limited trade openness.

Liberalization (1990s onwards):

Economic liberalization reforms in the early 1990s marked a significant shift towards opening up the economy.

Reduced tariffs, removal of licensing requirements, and facilitation of foreign investment led to increased integration into the global economy.

Trends in Composition:

Merchandise Trade:

Early stages: Dominance of primary commodities like agricultural goods, textiles, and minerals.

Transition: Gradual shift towards manufacturing goods, including engineering goods, chemicals, and textiles.

Recent Trends: Increasing diversification with the growth of sectors like pharmaceuticals, automobiles, and electronics.

Services Trade:

Emergence of services sector as a significant contributor to India's foreign trade.

Key sectors include information technology (IT) services, business process outsourcing (BPO), and software development.

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India has become a major player in global services trade, particularly in IT-related services.

Key Drivers of Change:

Policy Reforms: Liberalization measures, trade agreements, and export promotion schemes have influenced the composition of trade.

Technological Advancements: Growth of sectors like IT and pharmaceuticals driven by technological capabilities and innovation.

Global Trends: Changes in global demand patterns, emergence of new markets, and geopolitical factors shape India's trade composition.

Investment Flows: Foreign direct investment (FDI) and technology transfers influence the development of export-oriented industries.

Current Challenges and Opportunities:

Structural Challenges: Infrastructure bottlenecks, regulatory hurdles, and bureaucratic inefficiencies.

Global Uncertainties: Trade tensions, protectionist measures, and geopolitical instability pose challenges.

Opportunities: Emerging markets, digital economy, and global value chains offer avenues for diversification and growth.

Future Outlook:

Continued diversification of exports into high-value-added sectors.

Strengthening of trade relations with key partners through bilateral and multilateral agreements.

Leveraging digital technologies and innovation to enhance competitiveness in global markets.

In summary, India's foreign trade composition has undergone significant transformation over the years, moving from a focus on traditional sectors to a more diversified portfolio driven by policy reforms, technological advancements, and changing global dynamics.

Q2. Textile and clothing sector occupies a pivotal role in the economy of the developing countries. Elucidate with reference to the Indian economy.

Q3. Describe Indo-ASEAN trade and economic relations.

Q4. Write short notes on the following:

a) Balance of Payments

b) Trade Related Intellectual Property Rights (TRIPS)

Q5. Comment briefly on the following statements:

a) Trade facilitates the flow of capital and speed up the acquisition of new technology.

b) Foreign investment has been considered as an important vehicle of economic growth.

c) Agricultural products from the country have immense export potential.

d) Services are important for Indian economy.

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Important Note - You may be aware that you need to submit your assignments before you can appear for the Term End Exams. Please remember to keep a copy of your completed assignment, just in case the one you submitted is lost in transit.

Submission Date :

31st March 2023 (if enrolled in the July 2024-25 Session)

30th Sept, 2023 (if enrolled in the January 2024-25 session).

IGNOU Instructions for the IBO 03 Assignments

IBO 03 India’s Foreign Trade Assignment 2024-25 Before ate mpting the assignment, please read the following instructions carefully.

1. Read the detailed instructions about the assignment given in the Handbook and Programme Guide.

3. Write the course title, assignment number and the name of the study centre you are attached to in the centre of the first page of your response sheet(s).

4. Use only foolscap size paper for your response and tag all the pages carefully

5. Write the relevant question number with each answer.

6. You should write in your own handwriting.

GUIDELINES FOR IGNOU Assignment IBO 03023-24

IBO 03 Solved Assignment 2024-25 You will find it useful to keep the following points in mind:

1. Planning: Read the questions carefully. Go through the units on which they are based. Make some points regarding each question and then rearrange these in a STATISTICS IN PSYCHOLOGYal order. And please write the answers in your own words. Do not reproduce passages from the units.

2. Organisation: Be a little more selective and analytic before drawing up a rough outline of your answer. In an essay-type question, give adequate attention to your introduction and conclusion. The introduction must offer your brief interpretation of the question and how you propose to develop it. The conclusion must summarise your response to the question. In the course of your answer, you may like to make references to other texts or critics as this will add some depth to your analysis.

3. Presentation: Once you are satisfied with your answers, you can write down the final version for submission, writing each answer neatly and underlining the points you wish to emphasize.

IGNOU Assignment Front Page

The top of the first page of your response sheet should look like this: Get IGNOU Assignment Front page through. And Attach on front page of your assignment. Students need to compulsory attach the front page in at the beginning of their handwritten assignment.

ENROLMENT NO: …………………………

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IBO 03 Handwritten Assignment 2024-25

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