Question
Consider the following statements regarding the services trade of India:
Select the correct answer using the code given below:
- Value of export of services is equal to merchandise exports
- India services trade is steadily in surplus in the last decade
Select the correct answer using the code given below:
Answer: Option B
Answer: (b)
India’s services exports are around 7.7% of GDP in 2018-19, while merchandise exports are around 12.1% of GDP.
India’s services imports are around 4.6% of GDP in 2018-19. India’s services trade has been consistently in surplus for the last decade.
Refer the Trends
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Answer: (b)
India’s services exports are around 7.7% of GDP in 2018-19, while merchandise exports are around 12.1% of GDP.
India’s services imports are around 4.6% of GDP in 2018-19. India’s services trade has been consistently in surplus for the last decade.
Refer the Trends
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