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Answer: Import trade

Concept: Import trade.

Explanation: Import trade means buying goods and services from a foreign country. Here India is buying petroleum from Iran, so it is an import for India (and export for Iran). Import trade is one type of foreign trade; India imports goods it cannot produce sufficiently at home, such as crude oil, gold, machinery and electronic goods.

Doubtly AI · 28 Oct 2026 AI-verified · Oct 2026 Report
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