Select the following statements are true about 'Economic statecraft'. (i) It employs fiscal and monetary tools to promote economic growth (ii) It employs economic tools to achieve national security objectives (iii) It reflects rising geopolitical competition.
(ii) and (iii) only
Economic statecraft is the use of economic instruments — sanctions, tariffs, export controls, investment screening, aid and control of supply chains — by a State to pursue foreign-policy and national-security goals.
Statement (ii) is true: employing economic tools to achieve national security objectives is the definition of economic statecraft.
Statement (iii) is true: its wider use reflects rising geopolitical competition, seen in export controls on advanced semiconductors, curbs on critical minerals and the reshaping of supply chains among major powers.
Statement (i) is false: using fiscal and monetary tools to promote growth describes domestic macroeconomic management, not statecraft aimed at other States. So only (ii) and (iii) hold.
(ii) and (iii) only option is correct.
Important Questions from Foreign Trade and Investment
Which one of the following situations best reflects "Indirect Transfers" often talked about in media recently with reference to India?
