Economics · Trade and Industrial Growth
Consider the following statements: Statement I: India's export growth has become increasingly concentrated in a few States, reflecting a structurally uneven integration of regions into global trade. Statement II: Rising capital deepening in export-oriented manufacturing weakens the traditional link between export expansion and mass employment generation. Statement III: A high Credit-Deposit (CD) ratio in export-leading States indicates efficient recycling of local savings into industrial activity, reinforcing regional export dominance. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement II nor Statement III is correc t
- 2Only one of the Statements II and III is correct, and that explains Statement I
- 3Both Statement II and Statement III are correct, but only one of them explains Statement I
- 4Both Statement II and Statement III are correct, and both explain Statement I✓
Correct answer
Both Statement II and Statement III are correct, and both explain Statement I
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