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    Question

    Which of the following statements is correct based on

    India's trade performance during the April-June quarter?
    A India's top 10 export destinations grew by 16.5%, while overall merchandise exports grew by 5.8%. Correct Answer Incorrect Answer
    B Imports from Russia grew by nearly 20% to $18.36 billion, making Russia the largest import partner after China. Correct Answer Incorrect Answer
    C Exports to China saw a positive growth of 2.8%, while other top 9 destinations saw contraction. Correct Answer Incorrect Answer
    D Import growth from Singapore, Saudi Arabia, and Switzerland increased by 12%. Correct Answer Incorrect Answer
    E India's export growth was consistent across April, May, and June, reflecting stable demand and logistics conditions. Correct Answer Incorrect Answer

    Solution

    Statement 1 is correct. According to the provided data, India's top 10 exports grew by 16.5% during the April-June quarter, significantly outpacing the overall merchandise exports growth of 5.8%. Statement 2 is incorrect. Although imports from Russia grew by nearly 20% to $18.36 billion, Russia is the second-largest import partner, not the largest. Statement 3 is incorrect. Exports to China saw a contraction of 2.8%, while the other top 9 destinations experienced positive growth. Statement 4 is incorrect. Import growth from India's top 10 import partners increased by 12%, excluding Singapore, Saudi Arabia, and Switzerland. Statement 5 is incorrect. India's export growth varied across the months: 2% in April, 13% in May, and 2.5% in June, indicating challenges such as muted demand and logistics issues.

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