According to the India Development Update (2022) by the World Bank, why is India's economy considered more insulated from global spillovers compared…

CA Foundation · Business Economics · MTP · September 2026
According to the India Development Update (2022) by the World Bank, why is India's economy considered more insulated from global spillovers compared to other emerging markets?
(A) A. due to its 100% reliance on the agricultural sector.
(B) B. because of its large domestic market and less exposure to international trade flows.
(C) C. because it has no external debt.
(D) D. due to the fixed exchange rate system maintained by the RBI.

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. because of its large domestic market and less exposure to international trade flows.

Topics: Indian Economy

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