2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$156 Billion
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$176 Billion
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$106 Billion
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$196 Billion
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Detailed explanation-1: -India’s trade deficit increased to US$ 180.3 billion in 2018-19 from US$ 160.0 billion in 2017-18. Net invisible receipts were higher in 2018-19 mainly due to increase in net services earnings and private transfer receipts.
Detailed explanation-2: -The trade deficit between the countries was at USD 53.56 billion in 2018-19 and USD 63 billion in 2017-18.
Detailed explanation-3: -The exports from India to China have increased from USD 13.33 billion in 2016-17 to USD 21.19 billion in 2020-21, exhibiting growth. The trade with China was USD 87.07 billion in 2018-19, which registered a decline in 2019-20 to USD 81.87 billion, and was USD 86.40 billion in 2020-21.
Detailed explanation-4: -India’s Trade „ Through secular growth over the last three financial years, following the major downturn in the face of the global slowdown, merchandise exports for the year 2018-19(P) reached USD 330.07 Billion, the highest ever, surpassing the earlier peak of USD 314.4 Billion achieved in 2013-14.
Detailed explanation-5: -The bilateral trade between India and China has dipped to USD 81.87 billion in 2019-20 from USD 87.08 billion in 2018-19. Trade deficit between the two neighbours have declined to USD 48.66 billion in 2019-20 from USD 53.57 billion in the previous fiscal.