If India enters into Free Trade Agreements (FTAs) with other nations, then the growth of exports of India would depend upon which of the following?<br>1. Extent of tariff reduction vis-à-vis MFN tariffs<br>2. Extent of relaxation in terms of rules of origin<br>3. Extent of relaxation in sanitary and phytosanitary measures<br>4. Level of infrastructure in India<br>5. Income in nations with which India enters into FTAs<br>Select the correct answer using the code given below.
- A. 1, 3 and 4 only
- B. 1, 2 and 4 only
- C. 2, 3 and 5 only
- D. 1, 2, 3, 4 and 5 ✓
Correct Answer: D. 1, 2, 3, 4 and 5
Explanation
Export growth under FTAs is influenced by all the given factors: tariff cuts, lenient rules of origin, easing of non-tariff barriers (like SPS measures), robust domestic infrastructure, and the partner nation's purchasing power.
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