mppsc 2025-2025 India typically runs a significant deficit in merchandise trade (exports and imports of goods). However, the country has a strong performance in service exports (such as IT services, business services, travel, etc.), consistently generating a large surplus in the services trade balance.
Which sector played a key role in cushioning India's overall trade deficit in the financial year 2023 – 24 ?
Asked in MPPSC CS Prelims 2025 · Topic: Trade Balance and Trade Deficit/Surplus (Components of Trade Balance: Merchandise Trade and Services Trade)
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