New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    With which country has India's trade deficit increased

    during fiscal year 2024-25?
    A USA Correct Answer Incorrect Answer
    B Russia Correct Answer Incorrect Answer
    C China Correct Answer Incorrect Answer
    D Japan Correct Answer Incorrect Answer

    Solution

    India's trade deficit with China has increased during the fiscal year 2024-25, reflecting ongoing imbalances in bilateral trade relations. Despite efforts to reduce dependency on Chinese imports, India continues to import substantial quantities of electronics, pharmaceuticals, and industrial components from China, while exports to China remain comparatively limited. This widening deficit has economic and strategic implications, prompting policy discussions about strengthening domestic manufacturing capabilities and diversifying international trade partnerships.

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