2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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China
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UAE
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United States
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Japan
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Detailed explanation-1: -Chinese data shows that China is India’s largest trading partner from 2013-2014 to 2017-2018 and 2020-2021. In addition to China, the US and the UAE were once India’s largest trading partners.
Detailed explanation-2: -The bilateral trade between India and the US is expected to rise in the coming years as well, as both the countries are working on strengthening economic ties. China was India’s biggest trading partner from 2013-14 till 2017-18. It also emerged as the biggest trading partner in 2020-21 as well.
Detailed explanation-3: -The US ($57, 632.37 million), China ($50, 792.83 million), UAE ($36, 820.33 million), Saudi Arabia ($23, 995 million), Iraq ($18, 822.27 million) and Indonesia ($18, 816.58 million) were the six countries which recorded higher volumes of trade with India during the first five months of 2022-23.
Detailed explanation-4: -Key Points. China as a Top Trading Partner: Data: The two-way trade between India and China stood at USD 77.7 billion for the year 2020.