Iift 2016 Question 46
This is a detailed step-by-step solution for Iift 2016 Question 46. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.
IIFT
In the paragraph 1, the author has explained that "Exporting simple manufactured goods not only increases income and consumption at home, it generates foreign revenues that allow the country to import the machinery and materials needed to improve its factories without running up huge foreign bills and debts". Hence, we can say that growth in manufacturing exports leads to an increase in foreign investment, domestic income generation and consumption. Therefore, option B is the correct answer