2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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China
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Pakistan
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USA
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Nepal
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Detailed explanation-1: -How are India’s Trade Relations with China? One of the Biggest Partners: China is India’s second biggest trading partner after the US. In 2021-22, Indo-China bilateral trade was USD 115.83 billion - 11.2% of India’s total merchandise trade of USD 1, 035 billion (Indo-US trade - 11.54%).
Detailed explanation-2: -However, since the late 1980s, both countries have successfully rebuilt diplomatic and economic ties. Since 2008, China has been India’s largest trading partner and the two countries have also extended their strategic and military relations.
Detailed explanation-3: -Although the relationship has been cordial, there are border disputes and economic competition between the two countries that have at times led to strained relations.
Detailed explanation-4: -During Prime Minister Atal Bihari Vajpayee’s visit in 2003, India and China signed the Declaration on Principles for Relations and Comprehensive Cooperation and also mutually decided to appoint Special Representatives (SRs) to explore the framework of a boundary settlement.