India’s trade deficit mounts to 44.87 billion in 2015
Q. India’s trade deficit with China has risen to how much in 2015 as it has touched a record high?- Published on 14 Jan 16
a. 44.87 billion
b. 44.86 billion
c. 44.85 billion
d. 44.84 billion
ANSWER: 44.87 billion
India’s trade deficit with China has risen to 44.87 billion in 2015. India’s trade deficit with China has reached USD 44.87 billion in the past year and exports shrank to USD 13.38 billion as bilateral trade registered a considerable increase adding up to USD 71.64 billion missing out on the USD 100 billion target established by leaders of the nations. India-China trade has reached USD 71.64 billion according to reports released by Chinese customs. Bilateral trade registered a marginal increase as against USD 70.59 in 2014. This year China’s exports have increased to USD 58.25 billion as against USD 70.59 billion in 2014.