Question

With reference to Financial Year 2021-22, consider the following statements: 1. China, UAE, US, Russia, and Saudi Arabia have a joint share of 40% of the total imports of India. 2. China's share in imports in recent times has increased. 3. The US remained the top export destination followed by UAE and the Netherlands. Which of the statements given above is/are correct?

Q: Answer-With reference to Financial Year 2021-22, consider the following statements: 1. China, UAE, US, R...

As regards imports, China, UAE, US, Russia, and Saudi Arabia have a joint share of 40 of the total imports of India. Hence, statement 1 is correct. However, the share of China declined to 13.8 during April-November 2022 from 15.5 a year ago. Similarly, the share of the US declined to 6.9 in April-November 2022 from 7.2 a year ago. Hence, statement 2 is incorrect. The US remained the top export destination in April-November 2022 followed by UAE and the Netherlands. Hence, statement 3 is correct.