Current Affairs · Indian Economy
Evaluate the following statements regarding the structural issues in India's external sector and macroeconomic stability: Statement I: India's export competitiveness is frequently undermined by high logistics costs, which have historically been estimated around 13-14% of GDP compared to 8-9% in developed economies. Statement II: The primary long-term strategy for a sustainable Current Account is to completely eliminate service exports, as they are inherently highly volatile compared to merchandise trade. Statement III: The persistent trade deficit in merchandise goods is significantly driven by India's structural import dependency on crude petroleum and gold. Statement IV: The government's Production-Linked Incentive (PLI) schemes are strategically designed to expand domestic manufacturing capacities and reduce import reliance across critical sectors. Which combination of the statements is factually correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only Statement I and Statement III
- 2Only Statement I, Statement III, and Statement IV✓
- 3Only Statement II, Statement III, and Statement IV
- 4Only Statement I, Statement II, and Statement III
Correct answer
Only Statement I, Statement III, and Statement IV
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