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With reference to the services export, consider the following statements:
1. According to the Government of India, India is poised to achieve a services export target of one trillion dollars by 2030.
2. In 2020, India became the 7th largest services exporter in the world, moving up the ladder by two positions.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the services export, consider the following statemen...
Minister of Commerce and Industry Piyush Goyal said that India is poised to achieve a services export target of one trillion dollars by 2030.
  • He was addressing the Global Services Conclave-2021 in New Delhi.
  • The Minister said that in 2020, India became the 7th largest services exporter in the world, moving up the ladder by two positions.
  • Emphasizing that India had the potential to become the top services exporter in the world, Mr. Goyal said that the services sector is boosting India’s transition from an Assembly economy to a Knowledge-based economy.
  • Mr. Goyal said that today India’s services export largely comprises of IT and IT-enabled services. He stressed that we need to focus on other potential growth sectors.
Hence both statements are correct.
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With reference to the services export, consider the following statements:1. According to the Government of India, India is poised to achieve a services export target of one trillion dollars by 2030.2. In 2020, India became the 7th largest services exporter in the world, moving up the ladder by two positions.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the services export, consider the following statements:1. According to the Government of India, India is poised to achieve a services export target of one trillion dollars by 2030.2. In 2020, India became the 7th largest services exporter in the world, moving up the ladder by two positions.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the services export, consider the following statements:1. According to the Government of India, India is poised to achieve a services export target of one trillion dollars by 2030.2. In 2020, India became the 7th largest services exporter in the world, moving up the ladder by two positions.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the services export, consider the following statements:1. According to the Government of India, India is poised to achieve a services export target of one trillion dollars by 2030.2. In 2020, India became the 7th largest services exporter in the world, moving up the ladder by two positions.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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