Q.3 Recent data shows India’s exports declined marginally in August on a year-on-year basis, while it contracted by about 9 % sequentially. Highlighting the reasons for falling exports and rising imports., mention its impact on the Indian economy. (10 Marks)

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.