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As per the recent announcement by the Union Minister of Commerce and Industry in January 2022, the Government targeted $650$ billion in exports in the current financial year. What will be the contribution of the service sector to achieve the target?

1. USD 100 billion
2. USD 250 billion
3. USD 300 billion
4. USD 350 billion

Correct answer: USD 250 billion

Solution

In the January 2022 announcement, the government set an export target of $650$ billion for the financial year, with the service sector expected to contribute USD 250 billion. This was part of the broader export strategy.

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