According to recent data, the United States has become India's largest trading partner.

According to recent data, the United States has become India's largest trading partner.

Daily Current Affairs   /   According to recent data, the United States has become India's largest trading partner.

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Category : Business and economics Published on: October 24 2023

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  • The country's trade data was released by the Union Ministry of Industry and Commerce in October 2023.
  • According to these figures, the United States has become India's largest trading partner.
  • The United States has overtaken China to take first place.
  • According to the ministry data, bilateral trade between India and the US reached $59.67 billion in April-September, 2023.
  • Bilateral trade between India and China in April-September, 2023 was $58.11 billion.
  • Bilateral trade between India and China has declined by 3.56% compared to last year.
  • Imports from China also declined to $50.47 billion, which was $52.42 billion in the same period last year.
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