Economics · Economy
Consider the following statements regarding India's external sector: Statement I: India's current account deficit has remained moderate in recent periods as a percentage of GDP. Statement II: India is among the leading global exporters of services and consistently records a surplus in its services trade balance. Statement III: India has remained the largest recipient of inward remittances globally in recent years. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct and both help explain Statement I.✓
- 2Both Statement II and Statement III are correct but only one of them explains Statement I.
- 3Only one of the Statements II and III is correct and that explains Statement I.
- 4Neither Statement II nor Statement III is correct.
Correct answer
Both Statement I and Statement II are correct and both help explain Statement I.
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