Q. Consider the following statements:
1.About half of Indian workforce is involved in agriculture.
2.India has a deficit in service trade but surplus in goods trade.
Which of the statement(s) given above is/are correct?
Answer: A
Notes:
Explanation –
Statement 1 is correct. According to the data, approximately 42.86% of the workforce in India was employed in agriculture in 2022.
Statement 2 is incorrect. India has a trade deficit in goods and a trade surplus in services. Specifically, India’s services trade surplus for FY 2023-24 was estimated at USD 162.05 billion, while the merchandise trade deficit was significant.
Source: The Hindu
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