Economics · Foreign Trade and Balance of Payments
With reference to India's IT-BPM sector and its role in the Balance of Payments (BoP), consider the following statements: 1. Software services exports are recorded under 'Computer Services' in the Services Account of the Current Account of BoP. 2. Earnings from Global Capability Centres (GCCs) operating in India are reflected in India's services exports. 3. Remittances from Indian IT professionals working abroad are classified as services exports. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 31 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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