Economics · Oct / Nov 2019 · Paper 22 · Question 6
2281
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The question as text
The Indian government subsidises the country’s exports of cotton textiles. The USA, the largest buyer of Indian cotton textiles, benefited from this. India planned to stop the subsidy by 2019. This was welcomed by other cotton textile exporters. The USA may not be much affected, in part, because income usually rises in the country. The value of the Indian rupee against the US dollar was relatively stable in this period but rose slightly in mid-2017.
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6(a)[2]
6(b)[4]
6(c)[6]
6(d)[8]
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