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Q61 (CDS-I/2025) Economy › External Sector & Trade › External Sector & Trade

Consider the following statements with respect to performance of the merchandise export of India in FY - 2024 : 1. Share of capital goods such as machinery, equipment and other durable goods decreased substantially. 2. Share of consumer goods and intermediate goods increased. Which of the statements given above is/are correct ?

Result
Your answer: —  Â·  Correct: D
Explanation
According to the Economic Survey 2023-24, the share of capital goods (machinery, equipment, and durables) in India's merchandise exports actually rose substantially from 16.3% in FY23 to 18.9% in FY24, making Statement 1 incorrect. Furthermore, the share of consumer goods declined slightly from 48.9% in FY23 to 47.5% in FY24, which contradicts Statement 2. Since both statements are factually incorrect based on official government data for FY-2024, the correct option is 'Neither 1 nor 2'.
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