Which of the following nations was India’s top trading partner in the financial year
2019-20?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. The US.
Other Information-
- The US continues to be India's largest trading partner for the second consecutive year in the financial year 2019-20.
- This reflects the growing economic ties between the two countries.
- As per the data, bilateral trade between the US and India has increased from $87.96 billion in 2018-19 to $88.75 billion in FY 2019-20.
- Earlier, from 2013-14 to 2017-18, China was India's largest trading partner.