Because of the enormous demand for goods and services in both foreign and domestic markets, it is a very profitable business. Import-export industry offers higher income for many entrepreneurs and small start-ups or projects.
You might diversify your markets greatly, reducing your reliance on any single one. Larger economies of scale and better margins can result from increased output. Because you can adapt old items to fit new markets, your R&D spend could work even harder.
The fundamental reason for export is to generate foreign currency. Foreign exchange brings profit to the exporter while also improving the country's economic situation.
Provide raw materials, intermediates, consumables, and capital goods for production to boost economic growth. (3). To improve India's agricultural, industrial, and service sectors' technological strength and efficiency.
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