Question :

Which country has become India's largest trading partner?

A) China
D) Australia

Answer : B

Description :

According to the provisional figures of the Ministry of Commerce, India has become the largest trading partner of America. Bilateral trade between India and the US is to increase by 7.65 per cent to $128.55 billion in 2022-23 as against $119.5 billion in 2021-22. Also, it was $ 80.51 billion in 2020-21. There has been a drop in exports to China in 2022-23, which has come down by 28 per cent to $ 15.32 billion. Apart from this, imports have increased by 4.16 per cent to $ 98.51 billion in the last financial year.

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