Consider the following statements with respect to performance of the merchandise export of India in FY-2024: 1. Share of Capital goods such as machinery, equipment and other durable goods decreased substantially. 2. Share of consumer goods and intermediate goods increased. Which of the statements given above is/are correct?

  1. A. 1 only
  2. B. 2 only
  3. C. Both 1 and 2
  4. D. Neither 1 nor 2 ✓

Correct Answer: D. Neither 1 nor 2

Explanation

According to trade data for FY-2024, India's merchandise exports faced global headwinds. Specifically, the export of capital goods actually remained resilient or grew in specific sectors (like electronics), while consumer goods faced muted demand, making both statements incorrect in their generalization of 'substantial decrease' or 'increase'.

Related questions on Economy

Practice more CDS General Knowledge questions