During the Soviet days, the government of India imported Soviet fighter jets and other defense hardware in exchange for Indian-made consumer goods such as soaps, detergents, and copy machines. This is an example of _____.

Question

Quizplus · Accepted Answer

This is an example of countertrade, where two countries agree to trade goods and services instead of using currency. In this case, India traded its consumer goods for Soviet fighter jets and defense hardware.

During the Soviet Days, the Government of India Imported Soviet