Question
Consider the following statements: I.
India’s overall (merchandise plus services) exports increased from USD 52.8 billion in June 2021 to USD 64.9 billion in June 2022. II. The overall (merchandise plus services) imports increased from USD 52.9 billion in June 2021 to USD 82.4 billion in June 2022. III. To boost the exports Foreign Trade Policy (2015-20) was extended upto 30-09-2022. Which statement/statements is/are incorrect?Solution
- India’s overall (merchandise plus services) exports increased from USD 52.8 billion in June 2021 to USD 64.9 billion in June 2022.
- India’s overall (merchandise plus services) imports increased from USD 52.9 billion in June 2021 to USD 82.4 billion in June 2022.
- Government took following measures to boost exports:
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