(i) When planning started in 1951, import of industrial goods and raw material was required for increasing the production.
(ii) India’s imports included machines, iron, mineral oil, fertilisers, medicines, etc.
(iii) India also gave impetus to exports after independence in order to gain valuable foreign exchange.
(iv) India’s exports included tea, coffee, spices, cotton textiles, leather, footwear, pearls, precious stones, etc.