Correct option is B
The correct answer is: (b) China
Explanation:
In the fiscal year 2023–24, China emerged as India’s largest trading partner, with total bilateral trade amounting to $118.4 billion.
This marked a slight lead over the United States, whose trade with India stood at $118.3 billion during the same period.
Information Booster:
India's trade deficit with China widened to $85.03 billion in 2023–24, highlighting a significant imbalance in trade.
Key imports from China include electronics, machinery, and chemicals, which are crucial for various Indian industries.
India's exports to China primarily consist of raw materials like iron ore, cotton, and other commodities.
China's position was bolstered by an increase in imports to India, which rose by 3.24% to $101.7 billion, while India's exports to China grew by 8.7% to $16.67 billion.
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