Out of the USD 650 billion target of exports announced by the Union Minister of Commerce for 2021 22...........

General Awareness (SEBI) Indian Economy

Out of the USD 650 billion target of exports announced by the Union Minister of Commerce for 2021-22, how much share does services sector’s exports hold?

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SEBI Grade A (Ph 1 Paper 1 2022)

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$200 billion

$250 billion

$50 billion

$100 billion

$300 billion

Explanation:

- The Union Minister of Commerce set a target of USD 650 billion for exports in 2021-22.

- This target includes both merchandise and services exports.

- The services sector, including IT and other services, plays a significant role in India's export economy.

- At the time, it's projected that the services sector would contribute a substantial portion of the total export target.

- Option 5: $300 billion is the correct figure for the services sector’s share in the export target.

- Option 1: $200 billion, Option 2: $250 billion, Option 3: $50 billion, and Option 4: $100 billion are incorrect in terms of representing the services sector's contribution.

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