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One of the main factors that led to rapid expansion of Indian exports is
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- Imposition of import duties
- Liberalisation of the economy
- Recession in other countries
- Diversification of exports
Correct Option: D
India has rapidly diversified its exports markets from the traditional export partners towards emerging and developing economies. This has played a crucial role in cushioning India’s exports growth during the recent years, which has remained fairly steady despite global economic slowdown. The rapid diversification of India’s export destinations is encouraging. The widely spreading export markets can be noted from the narrowing dependence on selected economies for exports.
