2025 · Q111
Consider the following statements with respect to performance of the merchandise export of India in FY—2024:
- 1Share of Capital goods such as machinery, equipment and other durable goods decreased substantially.
- 2Share of consumer goods and intermediate goods increased.
Which of the statements given above is/are correct?
General KnowledgeIndian Economy
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
Neither statement is correct. According to the Economic Survey 2024-25 (Chapter 4), the share of capital goods in India's merchandise exports ROSE substantially, from 16.3 per cent in FY23 to 18.9 per cent in FY24 — it did not decrease. The shares of consumer goods (48.9 per cent to 47.5 per cent) and intermediate goods (30.2 per cent to 28.4 per cent) both DECLINED over the same period. Both statements are therefore false.