Question

Why is India's development of sustainable manufactured exports significant?

Options

• It provides a more reliable and stable source of foreign exchange compared to remittances or agricultural exports

• It requires continuous IMF and World Bank borrowing

• It eliminates the need for agricultural production

• It replicates Pakistan's remittance model

Answer 1

Sustainable manufactured exports are significant because they provide reliable, stable foreign exchange earnings independent of external shocks, weather conditions, or migration patterns, creating a more robust foundation for long-term economic stability than remittances or agricultural exports.