Question: China’s Customs has recently(July 2021) released data pertaining to China-India trade. Accordingly, how much totalled the China-India bilateral trade in the first half of the year ?
A. 57.48 billion dollar
B. 67.48 billion dollar
C. 47.48 billion dollar
D. 37.48 billion dollar
Answer – (A)
Related facts —
- China’s Customs has recently (July 2021) released data pertaining to China – India trade. Accordingly, The China-India bilateral trade in the first half of the year totaled USD 57.48 billion.(up 62.7 percent year on year)
- Indian exports to China picked up with 69.6 per cent year on year increase.
- It is notable that trade deficit, a structural problem for India for long, climbed to 55.6 per cent.
- The trade deficit for the first six months of the year stood at USD 28.03 billion.
- India’s exports to China reached USD 14.724 billion, up 69.6 percent year on year in the first six months and India’s imports from China amounted to USD 42.755 billion, up 60.4 percent.
- Last year the India-China trade totaled to USD 77.67 billion, which was lower than the USD 85.47 billion in 2019.
By — Pankaj Pandey.