1953: GOA, INDIA
Interactive Video
•
Business
•
11th Grade - University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
The video discusses the economic impact of low customs duties in Goa, which leads to increased business and revenue. Luxury goods from the West are available at lower prices compared to the US, but many items are re-exported or smuggled into India. The smuggling of goods, including pearls from Iran, contributes significantly to the black market in Indian cities like Bombay, with an estimated $10 million worth of materials smuggled annually.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
Describe the route through which some items are smuggled into India from Goa.
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the estimated value of materials smuggled into India from Goa each year?
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