Assertion (A): For the first time, India had no trade deficit in the year 2002-2003. Reason (R): For the first time, India’s exports crossed worth $ 50 billion in the year 2002-03.
Options
(a)Both A and R are individually true and R is the correct explanation of A
(b)Both A and R are individually true but R is not the correct explanation of A
(c)A is true but R is false
(d)A is false but R is true
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Class 12International Trade— NCERT Geography, Chapter 8. India's foreign trade grew from ₹1,214 crore in 1950-51 to about ₹77 lakh crore by 2021-22, yet India has only about one per cent of world trade and imports have always…
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