Over the last three years, which of the following accurately describes India’s foreign trade?

• Over the past three years (as of November 2023, Source: Ministry of Commerce and Industry), India has experienced a unique trend in its foreign trade. While the import of goods and services has seen a decline, the export sector has demonstrated growth. This could be attributed to several factors, including:
-Global economic conditions: Fluctuations in the global economy, such as changes in demand or supply chains, can impact a country's imports and exports.
-Government policies: Government initiatives aimed at promoting exports or regulating imports can influence trade patterns.
-Domestic production: Changes in domestic production capabilities and competitiveness can affect a country's ability to export goods and services.