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    Question

    India’s exports contracted by 1.15 per cent to

    _____________in August 2022?
    A USD 33 billion Correct Answer Incorrect Answer
    B USD 46 billion Correct Answer Incorrect Answer
    C USD 38 billion Correct Answer Incorrect Answer
    D USD 63 billion Correct Answer Incorrect Answer
    E USD 26 billion Correct Answer Incorrect Answer

    Solution

    India’s exports contracted by 1.15 per cent to USD 33 billion and trade deficit more than doubled to 28.68 billion in August 2022. During April-August 2022-23, exports registered a growth of 17.12 per cent to USD 192.59 billion. Imports during the five-month period of this fiscal grew by 45.64 per cent to USD 317.81 billion. A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as a negative balance of trade (BOT).

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