Question

What was the primary reason for the reduction in India's

Q: Answer-What was the primary reason for the reduction in India's current account deficit from USD 67 billion...

The reduction in Indias current account deficit was primarily due to a decrease in the merchandise trade deficit, increasing net services exports, and rising remittances

current account deficit from USD 67 billion in 2022-23 to USD 23.2 billion in 2023-24?

A Increase in remittances

B Decrease in merchandise trade deficit

C Increase in foreign direct investment

D Decrease in service sector exports

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What was the primary reason for the reduction in India's

Solution