Question

    What was the primary reason behind the 9.4% shrink in

    India’s trade deficit in Q1 2025-26? 
    A Decline in petroleum imports Correct Answer Incorrect Answer
    B Growth in agricultural exports Correct Answer Incorrect Answer
    C Rise in services exports Correct Answer Incorrect Answer
    D Fall in gold imports Correct Answer Incorrect Answer
    E Reduced defence expenditure Correct Answer Incorrect Answer

    Solution

    India’s trade deficit reduced to $20.3 billion in Q1 2025-26 due to an 11% rise in services exports, particularly in IT and business process outsourcing. 

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