India gained profit in US-China Trade War: UNCTAD Report

Question: According to a study by UNCTAD, the US-China trade war has resulted in an increase in Indian exports to the US. What amount of gain has been accrued by India in the first half of 2019?
(a) 400 million dollar
(b) 500 million dollar
(c) 600 million dollar
(d) 755 million dollar
Answer: (d)
Related facts:
  • In November 2019, UNCTAD (United Nations Conference on Trade and Development), the trade investment unit of the United Nations, published a report related to the US-China trade war.
  • Accordingly, Indian export to the US has increased due to the trade diversion effect of US trade war with China.
  • As a result, India received profit of $ 755 million in the first half of 2019.
  • Indian commodities whose exports to the US have increased due to trade diversion effect mainly include chemicals, metals and ores, electrical machinery, agro-food, furniture, etc.
  • At the time of trade war with US, China was about $21billion in the first half of 2019 which indicates its trade loss about 14million dollar.
  • The traffic against them made the other investors more competitive in the US market that leads to the trade diversion effect.

Links:

https://economictimes.indiatimes.com/news/economy/foreign-trade/india-gained-755-million-in-additional-exports-to-us-due-to-us-china-trade-war-unctad/articleshow/71934187.cms

https://unctad.org/en/pages/All-News.aspx?Ne=1,10,,

https://www.businesstoday.in/current/economy-politics/us-china-trade-war-india-export-increases-to-755-million-dollar/story/388764.html

Leave a Reply

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.