Current Affairs · Indian Economy & Trade Strategy
Consider the following statements regarding India's recent trade strategy and its contribution to global growth: I. India's increasing share in global growth is driven solely by merchandise exports, with services exports contributing negligibly to this trend. II. Recent Free Trade Agreements (FTAs) signed by India typically include chapters on services, investment, and digital trade, beyond tariff concessions on goods. III. India's decision to stay out of RCEP reflects concerns over trade deficits and inadequate safeguards for domestic manufacturing and agriculture. IV. India's contribution to global growth implies that India's growth rate alone determines global growth trends, independent of economic cycles in major economies. How many of the above statements are correct?
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