India‘s services exports achieved above ______________ billion for the first time during April-March 2021-22.

Correct option is D

The correct answer is (d) Rs. 250

Explanation: India’s Services exports set a new record of USD 254.4 Billion in FY 2021-2022, beats previous high of USD 213.2 Billion in 2019-20

Information Booster:

• India’s Services exports set a new record of USD 254.4 Billion in the financial year 2021-2022.
• The new record achieved in 2021-22 beats the previous high of USD 213.2 Billion in 2019-20. Also, Services exports hit an all-time monthly high of USD 26.9 Billion in March 2022.
• Telecommunications, computer, and information services, other business services and Transport are the top contributors in Services exports during April-December 2021 (latest available).Component-wise Services trade is given in table below.

• India’s overall exports (i.e. Services and Merchandise) touched USD 676.2 Billion in financial year 2021-2022 as both Services and Merchandise hit record high exports in financial year 2021-2022. India’s overall exports were USD 526.6 Billion and USD 497.9 Billion in 2019-20 and 2020-21 respectively.
• India’s Merchandise exports had crossed USD 400 Billion milestone in Financial Year 2021-2022 and stood at USD 421.8 Billion which is a phenomenal increase of 44.6 percent and 34.6 percent over 2020-21 and 2019-20 respectively.