Q. With reference to international trade of India, which of the following statements are correct:
1.The Top 3 export destinations of India are – USA, UAE, China.
2.The Top 3 exports from India include – Petroleum Products, Drug Formulations, Agricultural Products.
3.Agricultural exports have consistently risen from 2016-17 to 2021-22.
4.India’s merchandise exports are less than its merchandise imports.
Select the correct code from the options given below:
Answer: A
Notes:
The Top 3 export destinations of India are – USA, UAE, China.
Top 3 importers – China, UAE, USA
The Top 3 exports from India include – Petroleum Products, Drug Formulations, and Pearl, precious, semi-precious stone.
Top 3 import – Crude oil, petroleum product and gold.
Agricultural exports have consistently risen from 2016-17 to 2018-19 and fell in 2019-20 before growing again.
Merchandise exports from India have crossed $400 billion in the current financial year, which is a key milestone. But the merchandise imports are still higher than exports.
