Question: Which country has become India’s top trading partner?
(a) USA
(b) China
(c) Saudi Arabia
(d) Israel
Answer: (a)
Related facts:
- The United States has become India’s top trading partner surpassing China, according to 2018-19 data from the Commerce Ministry.
- In 2018-19, the bilateral trade between the US and India stands at USD 87.95 billion as compared to USD 87.07 billion with China.
- India has a trade surplus of USD 16.85 billion with the USA while it has a deficit of USD 53.56 billion with China.
- Currently, the top five trading partners of India are US, China, UAE, Saudi Arabia and Hong Kong.
Link:
https://indianexpress.com/article/india/us-becomes-indias-top-trading-partner-6282438/