Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 1220)
1220.
According to the data of Commerce Ministry, which country had trade deficit with as many as 10 member countries out of 16 of the Regional Comprehensive Economic Partnership (RCEP)nations?
Answer: Option
Explanation:
According to the data of Commerce Ministry, India had trade deficit with as many as 10 member countries out of 16 of the Regional Comprehensive Economic Partnership (RCEP)nations. These RCEP bloc nations include : China, South Korea and Australia. The trade gap with China, Korea, Indonesia and Australia has increased to USD 63.12 billion; USD 11.96 billion; USD 12.47 billion and USD 10.16 billion in 2017-18. It was USD 51.11 billion, USD 8.34 billion, USD 9.94 billion and USD 8.19 billion respectively in the previous financial year, 2016-17.
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