2020 · Q31
Since 2014-15, India has consistently run trade surplus with which one among the following countries?
General KnowledgeIndian Economy
- AChina
- BSaudi Arabia
- CUSA
- DGermany
Explanation
Since 2014-15 India has consistently recorded a merchandise trade surplus with the United States, its largest surplus partner. With China, Saudi Arabia and Germany, India has run persistent deficits — driven by electronics, crude oil and machinery imports respectively. The surplus partner is the USA.