b) Merchandise exports are rising faster than Service exports.

India's foreign trade has witnessed a dynamic transformation over the years, with merchandise exports experiencing a notable increase compared to service exports. This shift in the pattern of exports reflects broader economic trends and global trade dynamics. While India has long been recognized for its strengths in service exports, particularly in the information technology (IT) and business process outsourcing (BPO) sectors, the rising prominence of merchandise exports signals a changing landscape.

Merchandise exports, which comprise physical goods such as textiles, pharmaceuticals, chemicals, machinery, and agricultural products, have seen a remarkable surge in recent years. Several factors contribute to this growth. One of the key drivers is India's concerted efforts to diversify its export basket and reduce its dependence on a few sectors. The government has introduced various policy initiatives to promote the manufacturing sector, such as the "Make in India" campaign, which aims to enhance domestic production and improve export competitiveness. As a result, India has made substantial strides in the export of manufactured goods, including electronic products, automobiles, and engineering goods.

The global demand for Indian goods has also been a significant factor. The country's expanding trade ____ ________ ____ _____ _________ ________ ________ _________.
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