State with reasons whether you agree or disagree with the following statements

1) During British rule, indigenous handicrafts suffered a severe blow.
Ans: YES, I Agree with the above statement.
Explanation:
a. Before 1947, the pattern of India’s foreign trade was typically colonial. India was a supplier of raw materials to the industrialized nations, particularly England and importer of manufactured goods. 
b. This dependence on foreign trade did not permit industrialization at home. As a result, the indigenous handicrafts suffered a severe blow.

2) Trade is an engine of growth for an economy.
Ans: YES, I Agree with the above statement.
Explanation:
a. Trade is an engine of growth of an economy because it plays an important role in economic development.
b. In developed countries, it represents a significant share of the Gross Domestic Product.

3) Foreign trade leads to division of labour and specialization at world level.
Ans: YES, I Agree with the above statement.
Explanation:
a. Foreign trade leads to division of labour and specialization at world level.
b. Some countries have abundant natural resources, they should export raw material and import finished goods from countries which are advanced in skilled manpower. 
c. Thus, foreign trade gives benefits to all countries thereby leading to division of labour and specialization.