Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 197)

2024-05-15 Economy

197.

In the fiscal year 2023-24, which country overtook the United States to become India's largest trading partner?

Japan

China

Russia

United Kingdom

Answer: Option

Explanation:

According to data from the Global Trade Research Initiative (GTRI), China emerged as India's largest trading partner in FY23-24, surpassing the United States. This shift in trade dynamics reflects the significant growth in two-way commerce between India and China, with trade values exceeding those of the US during this period.