The largest trading partner of India is _____.
A. Russia
B. China
C. America
D. Britain
Answer
636.3k+ views
Hint:As per the Ministry of Commerce and Industry, India's 15 biggest trading partners contributed to 59.37% of India's overall trade in the 1951-1952 financial year. These statistics comprise trade in goods and commodities, which does not include foreign direct investment or services.
Complete Answer:In India, foreign trade comprises both exports and imports to and from India. The Ministry of Commerce and industry are been regulated at the central government level. In 2017, foreign trade reported for 48.8 percent of India's GDP. The government of India maintained semi-autonomous trade ties even before democracy. It had colonists (such as the Aden Settlement), which sent and received additional missions, and was a major supporter of both the League of Nations and the United Nations. After India obtained independence from the United Kingdom in 1947, in other territories, such as the Indonesian National Revolution, it soon joined the Commonwealth of Nations and deeply endorsed separatist movements. For decades to come, division and multiple border claims, particularly that over Kashmir, would strain its relations with Pakistan. India implemented a foreign policy of non-alignment with every major global superpower during the Cold War. India, however, established close relations with and earned substantial military support from the Soviet Union. As of financial year, 2017-2018 the largest trading partner of India in China, with exports of 16.34 billion US dollars and imports of 84.4 billion US dollars.
Option B. China is the correct answer.
Note:India is several countries' primary export or import collaborator. Stating that, Bhutan, a very friendly neighboring country of India, has their largest trading country like India, with export of 95.3% and imports of 89.5%.
Complete Answer:In India, foreign trade comprises both exports and imports to and from India. The Ministry of Commerce and industry are been regulated at the central government level. In 2017, foreign trade reported for 48.8 percent of India's GDP. The government of India maintained semi-autonomous trade ties even before democracy. It had colonists (such as the Aden Settlement), which sent and received additional missions, and was a major supporter of both the League of Nations and the United Nations. After India obtained independence from the United Kingdom in 1947, in other territories, such as the Indonesian National Revolution, it soon joined the Commonwealth of Nations and deeply endorsed separatist movements. For decades to come, division and multiple border claims, particularly that over Kashmir, would strain its relations with Pakistan. India implemented a foreign policy of non-alignment with every major global superpower during the Cold War. India, however, established close relations with and earned substantial military support from the Soviet Union. As of financial year, 2017-2018 the largest trading partner of India in China, with exports of 16.34 billion US dollars and imports of 84.4 billion US dollars.
Option B. China is the correct answer.
Note:India is several countries' primary export or import collaborator. Stating that, Bhutan, a very friendly neighboring country of India, has their largest trading country like India, with export of 95.3% and imports of 89.5%.
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