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1). India has increased the import duties several non-essential items2). India’s Current Account Deficit worsened to 2.4% of gross domestic product (GDP)3). India’s foreign Exchange reserves are more than adequate4). India has raised custom duties within the permissible bound rates by the World Trade Organization |
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Answer» As per the PASSAGE, Commerce secretary states that the raised custom duties by India are WELL WITHIN the permissible bound rates by the World TRADE Organization and hence cannot be termed as a PROTECTIONIST country. Therefore, the correct answer is option 4. |
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