Civil Services WBCS (Executive) Prelims + Mains Mock Tests 2025 Current Affairs Business and Economy
Consider the following statements regarding India's external sector in FY25:
1. The current account deficit (CAD) moderated to 1.2% of GDP in Q2 of FY25, with strong remittance inflows helping to cushion the impact of a widening merchandise trade deficit.
2. Despite a rise in gross FDI inflows to USD 55.6 billion, net FDI declined to USD 0.48 billion in the first eight months of FY25 due to increased repatriations.
Which of the following is correct?
1
Only Statement 1 is correct
2
Only Statement 2 is correct
3
Both Statements 1 and 2 are correct
4
Neither Statement 1 nor 2 is correct