BANKING AFFAIRS

Detailed explanation-1: -The correct answer is Engineering Goods. Fiscal 2018-19 was another remarkable year for the engineering exporting community as Indian engineering exports reached their lifetime high in two consecutive fiscals despite having a number of impediments to growth.

Detailed explanation-2: -As per the WTO data released in April 2019, for the year 2018, India’s share in global exports for merchandise was 1.7 % and in global imports was 2.6 %.

Detailed explanation-3: -TRADE SUMMARY FOR INDIA 2018 The total value of imports (CIF) was 617, 946 million. At the HS6 digit level, 4, 450 products were exported to 222 countries and 4, 343 products were imported from 220 countries.

Detailed explanation-4: -In the fiscal year (FY)2018-19, India’s total merchandise exports registered a 9.06 percent growth to hit a new high of US$330 billion, surpassing the earlier peak of US$314 billion clocked in 2013-14 FY. India’s total imports grew at a much higher rate at 10.41 percent, amounting to US$514 billion.