Question
Consider the following statements: 1. Brazil is
India’s largest trading partner in South America. 2. India is the largest destination for Ghanian exports. 3. India is Argentina’s fifth largest export destination. How many statements are correct?Solution
- Ghana – Ghana is one of West Africa’s fastest-growing economies; its relationship with India is marked by robust and expanding trade and investment. India is the largest destination for Ghanaian exports; gold accounts for more than 70% of India’s imports from Ghana.
- Argentina – India and Argentina have significantly advanced bilateral cooperation in the mineral resources sector, particularly in lithium, a critical input for India’s green energy transition. Argentina is a major supplier of soybean and sunflower oil to India. In 2024, India was Argentina’s fifth-largest trading partner and export destination.
- Brazil – For the State Visit, the PM will travel to Brasilia where he will hold bilateral discussions with President Lula on broadening the Strategic Partnership in areas of mutual interest, including trade, defence, energy, space, technology, agriculture, and health. Brazil is India’s largest trading partner in South America.
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