According to Economic Survey 2023 about services, which statement among the following is not correct?

Question

UnlockIAS · Accepted Answer

Correct — A. This is the statement that is NOT correct. The Economic Survey 2022-23 (tabled January 2023) did say that the emerging categories of fashion, grocery and general merchandise would capture nearly two-thirds of the Indian e-commerce market — but over the NEXT FOUR YEARS, i.e. by about 2027, not 'by 2030'. Because the question asks which statement is not correct, the mismatched timeframe ('2030' instead of the Survey's 'next four years / ~2027') makes (a) the answer.

Why the other options are wrong — (b) This IS a correct statement (75 Digital Banking Units set up in 75 districts to transform financial services), so it is not the answer to a 'which is not correct' question.  (c) This IS correct as reported in the Survey — non-food credit to services grew above 16% from July 2022 — so it is not the odd-one-out.  (d) This IS correct — the Survey noted the PMI-Services showed its strongest expansion since July 2022 — so it is a true statement, not the answer.

Concept: The Economic Survey (prepared by the Chief Economic Adviser's office in the Department of Economic Affairs) is released a day before the Union Budget. Its services chapter for 2022-23 tracked e-commerce, financial-sector reforms and high-frequency indicators. Services are the mainstay of India's economy, contributing the largest share of Gross Value Added.

State PCS 2023 Q61 — Economy PYQ with Answer

State PCS 2023 Q61 — Economy PYQ with Answer