Question
Download Solution PDFAccording to Economic Survey 2023 about services, which statement among the following is not correct?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFOption 1 is incorrect
Key PointsEconomic Survey 2023:
- Fashion, grocery, and general merchandise to capture nearly two-thirds of the Indian e-commerce market by 2027. Hence option 1 is incorrect
- 75 Digital Banking Units (DBU) across 75 districts announced in Union Budget 2022-23 to take banking solutions to every nook and corner of the country have been launched. Hence option 3 is correct
- India’s services exports remained resilient during the Covid-19 pandemic and amid geopolitical uncertainties driven by higher demand for digital support, cloud services, and infrastructure modernization.
- Credit to services sector has grown by over 16% since July 2022.
- US$ 7.1 billion FDI equity inflows in the services sector in FY22. Hence option 4 is correct
- Hence option 2 is correct
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