Question : India-China trade grew to record __ in 2021 despite tensions in eastern Ladakh.
a. $125 billion
b. $115 billion
c. $105 billion
d. $ 95 billion
Ans. a.
Related facts —
- India-China trade grew to record $125 billion in 2021 despite tensions in eastern Ladakh.
- It crossing the USD 100 billion-mark in a year when the relations hit a new low due to the prolonged standoff by the militaries in eastern Ladakh.
- It is notable that each side currently has around 50,000 to 60,000 troops along the Line of Actual Control (LAC) in the mountainous sector.
- While India’s trade deficit too mounted to over USD 69 billion.
- The total trade between both countries in 2021 stood at USD 125.66 billion, up 43.3 per cent from 2020.
- China’s exports to our country from January to December rose 46.2 per cent to USD 97.52 billion, while our exports to China grew by 34.2 per cent to USD 28.14 billion.
- The trade deficit for India grew to USD 69.38 billion in 2021.
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