Correct answer: (c) Fashion, grocery and general merchandise will capture nearly two-thirds of the Indian e-commerce market by 2030.
Explanation
- A
Credit growth to services is above 16% since July, 2022.
This option claims that credit growth to services has remained above 16% since July 2022. According to the Economic Survey 2023, this statement is factually correct and reflects the robust recovery in service sector lending. Therefore, this is not the correct choice for our answer since the question asks for the incorrect statement.
- B
75 digital banking units announced for transforming financial services.
This option asserts that 75 digital banking units were announced to transform financial services. The Economic Survey 2023 explicitly highlights this initiative as part of expanding financial inclusion across districts. Hence, this statement is accurate and cannot be the correct answer here.
- C
Fashion, grocery and general merchandise will capture nearly two-thirds of the Indian e-commerce market by 2030.
This option states that fashion, grocery and general merchandise will capture nearly two-thirds of the Indian e-commerce market by 2030. In reality, the Economic Survey and related industry reports project that segments like electronics and apparel have different trajectories, and this specific claim misrepresents the official projections given in the text. Thus, this option contains the incorrect statement and serves as the official key.
- D
P.M.I. services witnessed strongest expansion since July, 2022.
This option claims that the Purchasing Managers' Index for services witnessed its strongest expansion since July 2022. The Economic Survey 2023 supports this observation by noting consistent improvements in service sector activity. Consequently, this statement is correct and is excluded as the right choice.
Summary. Official key is (c) because it provides the incorrect statement regarding the future share of e-commerce sectors according to the Economic Survey 2023. Options (a), (b), and (d) accurately reflect the data on credit growth, digital banking units, and PMI services presented in the survey. The survey serves as the definitive reference document for all these macroeconomic indicators. Aspirants must carefully distinguish between actual survey data and distractor percentages. Therefore, option (c) is the correct answer to this question.