Question

Q11. Which of the following statements with respect to the Indian Economy is incorrect?

• A. (a) The clothing incentive package boosted exports of readymade garments in the year 2017-18.
• B. (b) Indian society exhibits strong son “Meta” Preference.
• C. (c) To re-ignite growth, raising investment is more important than raising saving.
• D. (d) India’s firm export structure is substantially non-egalitarian than in other countries.

Answer 1

The correct option is D

(d) India’s firm export structure is substantially non-egalitarian than in other countries.

Top 1 percent of Indian Firms account for 38 percent of exports; in all other countries, they account for a substantially greater share (72, 68, 67 and 55 percent of exports in Brazil, Germany, Mexico, and the USA respectively). This shows that India’s firm export structure is substantially more egalitarian than in other countries.