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Today General Knowledge(GK)
According to the released Chinese Customs data, how many billion dollars the bilateral trade between India and China crossed in 2021?
A)
USD 107 billion
B)
USD 125 billion
C)
USD 134 billion
D)
USD 148 billion

Correct Answer : Option (B) - USD 125 billion



The India-China bilateral trade touched a record high of over USD 125 billion in 2021, crossing the USD 100 billion-mark in a year when the relations hit a new low due to the prolonged standoff by the militaries in eastern Ladakh, while India's trade deficit too mounted to over USD 69 billion, according to official data released on Friday.
 
The total trade between China and India in 2021 stood at USD 125.66 billion, up 43.3 per cent from 2020, state-run Global Times reported, quoting data from the General Administration of Customs.
 
China's exports to India from January to December rose 46.2 percent to USD 97.52 billion, while India's exports to China grew by 34.2 percent to USD 28.14 billion.
 
The trade deficit for India grew to USD 69.38 billion in 2021.

Source : The Economic Times

Published On : January 16, 2022
Category : Business and Economics
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