![China was the largest trading partner of India with $118.4 billion trade in 2023-24 China was the largest trading partner of India with $118.4 billion trade in 2023-24](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKMspXsKHlx4l8AS0cJYHnJ-IFJL-Wvk10Rq5RPYedbjkRHxIzHsyoZXwIoonzIwHqFnQD-3njucE3aVjUv42m2kqLUSqLfF9j2omVF-O3dvbq7xfR7ygKzqOOAeP8SnO4z4BXttk7r4TKyYPtDsnn3cXk2dK_4Ao5Z6IcQ7QOrm25IZmEx3xjKbSsZQ09/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(19).png)
- This marked a significant shift as China surpassed the United States in this regard.
- The increase in trade was driven by an 8.7 percent rise in India’s exports to China, amounting to $16.67 billion, and a 3.24 percent increase in imports from China, totaling $101.7 billion.
- Meanwhile, trade with the US saw a slight dip, with exports decreasing to $77.5 billion and imports falling by about 20 percent to $40.8 billion.
- This shift in trade dynamics has significant implications for both India and China and their respective economies.
Question:
Q.1 Who became India’s largest trading partner in the fiscal year 2023-24?a. United States
b. Australia
c. Japan
d. China