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Instructions
Given below are the shares of India’s export basket to different regions (figures in percentage). Answer the questions on the basis of following data.
Question 8
Between 2009-10 and 2010-11, the annual growth rate in India’s (percentage) export shares has been LOWEST for
Solution
Among the four options
Growth rate of North Africa = (1.59-1.75)/1.75=-0.091
Growth Rate of North East Asia=(14.83-16.1)/16.1= -0.07
Growth rate of North America = (10.98-11.9)/11.9=-0.07
Growth Rate of EU = (18.33-20.16)/20.16 = -0.090
The growth rate of North Africa is the lowest.
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