Iift 2017 Question 99
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IIFT
Trade deficit = Import - Export
India' trade deficit in 2016 = 350 - 250 = 100 (USD in billions)
India' trade deficit in 2017 = 100+54 = 154 (USD in billions)
154 = Import - 324
Hence, import = 324+154 = 478 (USD in billions)
India food import percentage in 2017 = India food import percentage in 2016 = 7.5 (Given)
India food import percentage in 2017 = India food import percentage in 2016 = 25 (Given)
India's food export in 2017 = 478*7.5/100 = 35.85 = 36(Approx) (USD in billion)
India's fuel export in 2017 = 478*25/100 = 119.5 (USD in billion)