Q. Consider the following statements:
1.India’s net exports in services have been positive while its net exports in goods are negative.
2.India has been successful in creating low skilled jobs in manufacturing.
3.India currently hosts 40% of the world’sGlobal Capability Centres (GCCs)and this number is expected to rise.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: C
Notes:

Explanation –

Statement 1 and 3 are correct. India’s net exports in services have been positive while its net exports in goods are negative. India currently hosts 40% of the world’s Global Capability Centres (GCCs) and this number is expected to rise. GCC refers to offices set up by large multinational firms that provide IT, research, and analytical support to the parent companies.

Statement 2 is incorrect. India has not been successful in creating low skilled jobs in manufacturing. More number of jobs in the manufacturing sector require specialized skills while jobs requiring low skills have not been much created in India.

Source: ForumIAS