Economics · External Sector
Consider the following statements with reference to India's external sector position: Statement-I: India's current account deficit has remained moderate in recent years despite persistent pressures arising from merchandise trade imbalance. Statement-II: India's strong performance in services exports and its status as the world's leading recipient of remittances have acted as important offsetting factors in the current account. Which one of the following is correct with respect to the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement-I is incorrect, but Statement-II i s correct
- 2Statement-I is correct, but Statement-II is inco rrect
- 3Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- 4Both Statement-I and Statement-II are correct and Statement-II explains Statement-I✓
Correct answer
Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
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