Mentor’s Comments-
- https://www.business-standard.com/article/opinion/policy-balance-122090701519_1.html
- Introduce by substantiating the data related to declining exports.
- In the body, mention the reasons for falling exports and rising imports. Also, discuss its impact on the economy.
- Conclude with a way forward.
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Akanksha
Decent attempt. Your knowledge is fine, you have got the crux of the answer correct.
You can avoid talking about CAD and twin deficit in introduction, that could be mentioned in impacts on the Indian economy otherwise becomes repetitive.
Reasons for falling exports and rising imports are well written.
In impacts, other than CAD/Forex and twin deficit, you could mention rising energy prices (inflation).
Some opportunities could also be mentioned such as return of FPI and softening of some of the commodity prices because of lowering demand.
Way forward is fine.
Try to end with a concluding statement.
Keep practicing. 🙂
5.5/10