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​According to the Economic Survey 2019-20, the top five trading partners of India continue to be USA, China, UAE and a) Saudi Arabia,b) Hong Kong, c)
Question

​According to the Economic Survey 2019-20, the top five trading partners of India continue to be USA, China, UAE and

a) Saudi Arabia,

b) Hong Kong,

c) Singapore,

d) Sri Lanka

A.

Both C and D

B.

Both A and B

C.

Both A and D

D.

Both B and C

Correct option is B

According to the Economic Survey 2019-20, India's top five trading partners were the USA, China, UAE, and Hong Kong and Saudi Arabia.

Thus, the top five included:

  • USA
  • China
  • UAE
  • Hong Kong
  • Saudi Arabia
Additional Information:
  • The USA has been one of India's largest trading partners, with significant exchanges in technology, oil, and services.
  • China remains a major trading partner, despite the political and economic tensions between the two countries.
  • The UAE is a key partner in both trade and investments, especially in oil and gas.
  • Hong Kong and Saudi Arabia also have significant trade links with India, with Hong Kong serving as a hub for re-exports and Saudi Arabia being a major supplier of oil.
Other Options:
  • Singapore is a significant trading partner for India, but it did not make it to the top five according to the 2019-20 Economic Survey.
  • Sri Lanka , while important for regional trade, is not among India's top five trading partners.

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