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Question

Which nation has become India's largest trading partner in FY23?
  • China
  • Russia
  • USA
  • None of the above
Answer- C
As per preliminary figures released by the commerce ministry, the bilateral trade between India and the United States surged by 7.65% to touch $128.55 billion in the fiscal year 2022-23, resulting in the United States overtaking other nations to become India's most significant trading partner.

This marks a rise from $119.5 billion the previous year and $80.51 billion in 2020-21, reflecting a strengthening economic association between the two countries.