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Since 2014-15, India has consistently run trade surplus with which one among the following countries?

Since 2014-15, India has consistently run trade surplus with which one among the following countries? Correct Answer USA

The correct answer is the USA.

Key Points

  • Trade surplus refers to a situation when the value of exports is greater than imports.
  • Trade deficit refers to a situation when the amount of imports exceeds exports.
  • India's overall trade deficit, including both goods and services, has increased to USD 103.63 billion in 2018-19 from USD 84.45 billion in 2017-18.
  • Since 2014-2015 India has consistently run a trade surplus with the USA and UAE.
  • India has a trade deficit continuously since 2014-15 concerning other major trading partners i.e. China, Saudi Arabia, Iraq, Germany, Korea RP, Indonesia, and Switzerland.  

Additional Information

Country Currency Capital President/Prime Minister/Chancellor
China Renminbi Beijing Xi Jinping
Germany Euro Berlin Angela Merkel
Saudi Arabia Saudi Riyal Riyadh Mohammad Bin Salman

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