Current Affairs · Indian Economy and Trade
Consider the following statements regarding India's merchandise trade balance: I. India's merchandise imports in October rose sharply due to a significant jump in gold imports along with a surge in imports of electronic and industrial inputs. II. India's exports faced a slowdown primarily because 50% tariffs imposed by the U.S. President significantly reduced India's access to the U.S. market. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II
- 2Both I and II
- 3II only
- 4I only✓
Correct answer
I only
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