2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the value of the trade deficit of the US with India
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USD 1.4 billion
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USD 1.5 billion
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USD 1.6 billion
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USD 1.7 billion
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Explanation:
Detailed explanation-1: -India records trade surpluses with the US, United Arab Emirates, Hong Kong, United Kingdom and Vietnam. India’s trade deficit widened to USD 23.76 billion in December 2022 from USD 21.68 billion in the same month last year, and compared to November’s revised figure of USD 23.89 billion.
Detailed explanation-2: -Among the top ten trading partners of India, the USA is the only country with which India has a trade surplus. As per the latest data released by the Ministry of Commerce and Industry, the net trade balance between India and the US stood at +$15.2 Bn between April-Sep 2022.
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