ECONOMICS
BALANCE OF TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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import
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export
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balance of payment
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None of the above
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Detailed explanation-1: -As per the rules, the conditions to import used tyres in India include: No import of hazardous waste from any country to India for disposal is allowed. Import must be done for recycling or recovery & reuse.
Detailed explanation-2: -Tyre importers require a licence or permission for imports following the government’s move in June 2020 to restrict import of tyres used for cars, buses, trucks, and motorcycles, including radials and tubeless ones.
Detailed explanation-3: -India exports most of it’s Tyre to United States, Germany and Nepal and is the largest exporter of Tyre in the World. The top 3 exporters of Tyre are India with 1, 919, 644 shipments followed by China with 1, 103, 499 and Thailand at the 3rd spot with 174, 962 shipments.