Question

Since 2014-15, India has consistently run trade surplus with which one among the following countries?
1. China
2. Saudi Arabia
3. USA
4. Germany

Answer 1

Correct Answer - Option 3 : USA

The correct answer is the USA.

• 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.  

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