'Imports' means, bringing into India, of goods from a place outside India. In other words, it refers to the goods which are produced abroad by foreign producers and are used in the domestic economy in order to cater to the needs of the domestic consumers. Similarly, 'exports' of goods means, taking goods out of India to a place outside India. It refers to the goods which are produced domestically and are used to cater to the needs of the consumers in other countries
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