DMPQ: Indian ocean holds an important position for India. Elucidate
Significance for India: Today, 95% of India’s trade by volume and 68% of trade by value come via the Indian Ocean. Additionally, 80% of India’s crude oil requirement—is imported by sea via the Indian Ocean. Today 40% of world trade passes through the Strait of Malacca and 40 percent of all traded crude oil passes … Read more