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    Question

    According to the data released by the Reserve Bank of India (RBI), India’s services trade surplus fell to _______ in the April-June quarter of 2023-24, the lowest in three quarters, as services export growth slowed down amid the economic downturn in developed economies.

    A $36.4 billion Correct Answer Incorrect Answer
    B $33.2 billion Correct Answer Incorrect Answer
    C $31.7 billion Correct Answer Incorrect Answer
    D $30.9 billion Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      According to the data released by the Reserve Bank of India (RBI), India’s services trade surplus fell to $36.4 billion in the April-June quarter of 2023-24, the lowest in three quarters, as services export growth slowed down amid the economic downturn in developed economies.   India’s services exports grew by 6.6 per cent to $80.8 billion, while services imports contracted 1.4 per cent to $44.4 billion during the same period.

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