UPPSC 2021 GS-I Current Affairs
Question

Among the following countries India's trade balance surplus is maximum with which country in 2019-20?

Answer & Solution

Answer: (Detailed Solution Below)

Option A: USA

Detailed Solution:

The correct answer is “USA”.

India's exports to the US in 2020-21 were valued at $51.62 billion and imports at $28.88 billion, resulting in a trade deficit of about $23 billion for the US.

The top traded goods include pearls and precious stones, pharmaceuticals, machinery, electronics, clothing, vehicles, chemicals and fish products, optical, photo, medical apparatus and aluminium.

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