IGNOU EEC 12 2017 2018 - Has agriculture contributed to the foreign exchange reserves of India?

Question

Has agriculture contributed to the foreign exchange reserves of India? Discuss.

16 Feb 2018

Answer :

Word Count : 302

It is generally believed that services is driving India’s exports and also net foreign exchange earnings. While data related to exports of services is easily available from government agencies and industry bodies, information about imports is missing. However, when one runs through the data of import & exports from multiple organisations such as UNCTAD, WTO, IMF, etc, the findings are surprising. It is agriculture that wins the battle hands down

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