Given below are two statements, one is labelled as Assertion (A) and the other is labelled as Reason (R): Assertion (A): The compression in manufacturing's nominal GVA share in India does not reflect a decline in manufacturing output. Reason (R): The decline stems from relative price effects — services have higher pricing power, which raises services' nominal share disproportionately. Choose the correct answer:

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Current Affairs · Economic Survey 2025-26 & Manufacturing Sector

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both A and R are true, and R is the correct explanation of A

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Answer 1

Both A and R are true, and R is the correct explanation of A

Answer 2

Both A and R are true, but R is NOT the correct explanation of A

Answer 3

A is true but R is false

Answer 4

A is false but R is true

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