2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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UK
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US
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UAE
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Russia
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Detailed explanation-1: -The department of commerce had earlier contested China’s official data that showed Beijing was India’s largest trading partner in 2021-22.
Detailed explanation-2: -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-3: -Chinese data shows that China is India’s largest trading partner from 2013-2014 to 2017-2018 and 2020-2021.
Detailed explanation-4: -The United States surpassed China to become India’s top trading partner in 2021-22. According to the data of the commerce ministry, in 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21.