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Which trade balance milestone did the Economic Survey 2023-24 highlight for India during FY24?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Increased merchandise trade deficit compared to FY23
2A historically high overall trade surplus
3Narrowed merchandise trade deficit✓
4Decline in overall foreign exchange reserves

Correct answer

Narrowed merchandise trade deficit

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Which trade balance milestone did the Economic Survey 2023-24 highlight for India during FY24?

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