Consider the following statements regarding India’s trade data for February 2025:
1. India’s goods trade deficit in February 2025 was at a 42-month low.
2. India’s merchandise exports grew by 10% in February 2025 compared to the previous year.
3. Imports of gold, silver, and crude decreased in February 2025.
4. India’s services exports were lower in February 2025 than in February 2024.
5. India is expected to have a current account surplus in Q4 of FY2025.

Which of the statements given above are correct?
(a) 1, 2 and 5 only
(b) 2, 3 and 5 only
(c) 1, 4 and 5 only
(d)1, 3 and 5 only

Question

Consider the following statements regarding India&rsquo;s trade data for February 2025:
1. India&rsquo;s goods trade deficit in February 2025 was at a 42-month low.
2. India&rsquo;s merchandise exports grew by 10% in February 2025 compared to the previous year.
3. Imports of gold, silver, and crude decreased in February 2025.
4. India&rsquo;s services exports were lower in February 2025 than in February 2024.
5. India is expected to have a current account surplus in Q4 of FY2025.

Which of the statements given above are correct?
(a) 1, 2 and 5 only
(b) 2, 3 and 5 only
(c) 1, 4 and 5 only
(d)1, 3 and 5 only

ONLiNE UPSC · Accepted Answer

Statement 1 is correct : According to data from the Ministry of Commerce and Industry, India&rsquo;s goods trade deficit was the lowest in 42 months at $14.05 billion in February 2025.

Statement 2 is not correct : India&rsquo;s merchandise exports actually declined by 10.84% in February 2025, not grew.

Statement 3 is Correct : The reduction in imports of gold, silver, and crude helped lower India&rsquo;s trade deficit in February 2025.

Statement 4 is not correct : India&rsquo;s services exports were actually higher in February 2025 ($35.03 billion) compared to February 2024 ($28.33 billion).

Statement 5 is Correct:  India is expected to have a current account surplus of about $5 billion in Q4 of FY2025.

Trade Data Analysis

India's Trade Data for February 2025

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M Question 1	⏱ 0
Consider the following statements regarding India’s trade data for February 2025: 1. India’s goods trade deficit in February 2025 was at a 42-month low. 2. India’s merchandise exports grew by 10% in February 2025 compared to the previous year. 3. Imports of gold, silver, and crude decreased in February 2025. 4. India’s services exports were lower in February 2025 than in February 2024. 5. India is expected to have a current account surplus in Q4 of FY2025. Which of the statements given above are correct? (a) 1, 2 and 5 only (b) 2, 3 and 5 only (c) 1, 4 and 5 only (d)1, 3 and 5 only