Correct option is B
The correct answer is (B) China
Explanation:
● In the financial year 2021–2022, the United States became India’s largest trading partner by overtaking China.
● This change occurred due to a significant increase in bilateral trade between India and the USA.
● Trade with China declined comparatively, allowing the USA to move to the top position.
● In the financial year 2021–2022, the United States became India’s largest trading partner by overtaking China.
● This change occurred due to a significant increase in bilateral trade between India and the USA.
● Trade with China declined comparatively, allowing the USA to move to the top position.
Information Booster:
● India–USA bilateral trade crossed USD 119 billion in 2021–22.
● The United States is one of India’s largest export destinations.
● Major Indian exports to the USA include pharmaceuticals, textiles, and IT services.
● China had been India’s largest trading partner for several years before 2021–22.
● Trade data is released by India’s Ministry of Commerce and Industry.
● India–USA bilateral trade crossed USD 119 billion in 2021–22.
● The United States is one of India’s largest export destinations.
● Major Indian exports to the USA include pharmaceuticals, textiles, and IT services.
● China had been India’s largest trading partner for several years before 2021–22.
● Trade data is released by India’s Ministry of Commerce and Industry.
English
150 Questions
150 Marks
150 Mins
