According to Piyush Goyal, what is the aggregate GDP of the economies opened by India's nine trade agreements?
- A.USD 25 trillion
- B.USD 40 trillion
- C.USD 60 trillion
- D.USD 85 trillion
Correct answer
Explanation
The correct answer is USD 60 trillion. The Commerce and Industry Minister said the nine free trade and bilateral agreements concluded by the government have opened preferential market opportunities in economies whose combined output comes to that figure. He set it against the agreements signed before 2014, which reached markets worth USD 10 trillion, and said the earlier set was largely made up of countries competing with India while the present approach looks for complementary partners. India's agreements now cover 38 developed and relatively prosperous countries, with India exporting what they need and importing what its own development requires. The other options are plausible-sounding totals but none matches the number given at the conference. Candidates should pair this with the related points the Minister made: a home market of 1.4 billion people, the goal of Viksit Bharat 2047 and his expectation that India stays the fastest-growing major economy for another 20 to 25 years.
Read the full article: India's Nine Trade Pacts Open USD 60 Trillion Market
Practice Questions
What target has been set for India's space economy, according to the Commerce and Industry Minister?
- A.USD 20 billion by 2030
- B.USD 44 billion by 2033
- C.USD 60 billion by 2035
- D.USD 100 billion by 2040
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Piyush Goyal said India's space economy was valued at USD 8.4 billion at the time of his address and had the potential to reach USD 44 billion by that year, a prospect he linked to the opening of the space sector to private participation.
Read the full explanation →What share of India's installed electricity capacity comes from green and renewable sources, as stated by Piyush Goyal?
- A.40 per cent
- B.50 per cent
- C.60 per cent
- D.75 per cent
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The Minister said that green and renewable sources now make up that share of India's installed electricity capacity, while adding that coal remains necessary for energy security and for keeping power affordable.
Read the full explanation →Under the migration agreement cited by Goyal, how many Indians a year does Germany require?
- A.30,000
- B.50,000
- C.90,000
- D.1,20,000
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Recalling a conversation with the German Foreign Minister about the migration agreement between India and Germany, Piyush Goyal said the arrangement carries a requirement of 90,000 Indians a year, and that he was told Germany in fact needed substantially more Indian talent than that.
Read the full explanation →By which year has the North-East been asked to become self-reliant in milk, eggs, fish and meat production?
- A.2028
- B.2030
- C.2035
- D.2040
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At the 93rd General Council meeting the Chairman gave special weight to the North-Eastern Region and set 2030 as the year by which it should meet its own demand for milk, eggs, fish and meat.
Read the full explanation →What net profit did NCDC record in FY 2025-26, as reported to its General Council?
- A.Rs 975 crore
- B.Rs 1,475 crore
- C.Rs 2,475 crore
- D.Rs 3,475 crore
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The accounts laid before the 93rd General Council meeting put the Corporation's net profit for FY 2025-26 at Rs 1,475 crore, alongside a loan recovery rate of 99.84 per cent and net non-performing assets of zero.
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