2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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United States
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Iraq
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UAE
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Saudi Arabia
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Detailed explanation-1: -The US surpassed China to become India’s top trading partner in FY 2021-22, reflecting stronger economic ties between the two countries. Bilateral trade between India and the US stood at US$119.42 billion, or 11.5 percent of India’s total trade.
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: -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-4: -China is the largest trading partner to Japan, South Korea, Vietnam, and Taiwan. Given their proximity, those countries are hardly a surprise. But it is also the top trader with Russia-and Ukraine. In Africa, China is the top partner for countries like South Africa and Kenya.