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      Question

      What was the main factor driving India's rise to the

      10th position in the US trade deficit rankings in 2024?
      A Increase in oil exports Correct Answer Incorrect Answer
      B Surge in electronics exports Correct Answer Incorrect Answer
      C Rise in agricultural exports Correct Answer Incorrect Answer
      D Decline in imports Correct Answer Incorrect Answer
      E Expansion of service exports Correct Answer Incorrect Answer

      Solution

      India’s entry into the top 10 countries with the highest US trade deficit was primarily driven by a surge in electronics exports, which led to an increase in the trade imbalance between the US and India.

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