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    Question

    Which of the following statements is/are correct in

    regards to the service sector in Economic Survey 2022-23? 1.India is the world’s 7th largest services exporter 2.The services sector has also been the largest recipient of foreign direct investment 3.India ranked 10th in the Medical Tourism Index 2021.
    A 1 & 2 Correct Answer Incorrect Answer
    B 2 & 3 Correct Answer Incorrect Answer
    C 1 & 3 Correct Answer Incorrect Answer
    D All Correct Answer Incorrect Answer
    E None Correct Answer Incorrect Answer

    Solution

    India is the world’s 7th largest services exporter. Share of the services sector accounted for 54% of the total Gross Value Added (GVA) in FY21. The services sector has also been the largest recipient of foreign direct investment, making up for 53% of the total inflows between 2000 and 2021 and India ranked 10th in the Medical Tourism Index 2021.

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