Question

Spices is a major part of India’s export, higher prices of it will __________

(shrink/ expand) Current account surplus.​

Answer 1

spices is a major part of Indi's export , higher prices of it will expand

Answer 2

Answer:

Spice is a major part of India’s export, higher prices of it will expand the Current account surplus.​

Explanation:

Engineering goods – including iron and steel products, industrial machinery, and automobiles – are India’s top export this fiscal. They account for 25 percent of the country’s total merchandise exports. India exported $52.3 billion worth of engineering goods in April-September 2021, up 61.4 percent from $32.4 billion in the same period last year, according to Engineering Export Promotion Council (EEPC) India Chairman Mahesh Desai.  

These are India’s top 10 export commodities:      

• Engineering goods

• Petroleum products

• Gems and jewelry

• Organic and inorganic chemicals  

• Drugs and pharmaceuticals

• Electronic goods

• Cotton yarn/fabrics/made-ups, handloom products, etc

• Ready-made garments (RMG) of all textiles

• Marine products

• Plastic and linoleum

SPJ2