Economics · Foreign Trade
India's merchandise exports witnessed a continuous decline for several months starting from December 2014. What were the primary global macroeconomic factors responsible for this decline?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1High prices and low quality of Indian export goods.
- 2Sluggish global demand and low global commodity prices.✓
- 3Sharp increase in global commodity prices, particularly petroleum products.
- 4Global demand for cheap commodities only.
Correct answer
Sluggish global demand and low global commodity prices.
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