Q.3 Recent data shows India’s exports declined marginally in August on a year-on-year basis, while it contracted by about 9 % sequentially. Highlighting the reasons for falling exports and rising imports., mention its impact on the Indian economy. (10 Marks)

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2 responses to “Q.3 Recent data shows India’s exports declined marginally in August on a year-on-year basis, while it contracted by about 9 % sequentially. Highlighting the reasons for falling exports and rising imports., mention its impact on the Indian economy. (10 Marks)”

1. 

   September 12, 2022

   AKANKSHA GUPTA

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   1. 

      September 14, 2022

      Staff @CD

      Akanksha

      Decent attempt. Your knowledge is fine, you have got the crux of the answer correct.
      You can avoid talking about CAD and twin deficit in introduction, that could be mentioned in impacts on the Indian economy otherwise becomes repetitive.
      Reasons for falling exports and rising imports are well written.
      In impacts, other than CAD/Forex and twin deficit, you could mention rising energy prices (inflation).
      Some opportunities could also be mentioned such as return of FPI and softening of some of the commodity prices because of lowering demand.
      Way forward is fine.
      Try to end with a concluding statement.
      Keep practicing. 🙂

      5.5/10