2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6.7%
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6.8%
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6.9%
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6.6%
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Detailed explanation-1: -India’s goods exports for 2022-23 scaled up significantly from earlier estimates to almost $451 billion, indicating a 6.9% year-on-year growth, with exports for March upgraded sharply to a nine-month high of $41.9 billion, as per Commerce Ministry data.
Detailed explanation-2: -India’s overall exports projected to scale new heights, growing at 13.84 percent during FY 2022-23 over FY 2021-22 to achieve USD 770.18 billion worth of exports.
Detailed explanation-3: -March 2023 services exports data: Despite global headwinds, India’s goods and services exports showed significant growth. As per the government’s preliminary estimates released in mid-April, the country’s services exports in March were $27.75 billion, while services imports were $14.05 billion.