The USA becomes the top trading partner of India in 2021 // Some Information about trading partners of India // 2022 Current Affairs //

 The USA becomes the top trading partner of India in 2021:

The United States of America adjusted as  India’s top trading partner in the calendar year 2021 with a trade valuation standing at $112.3 billion. The USA is followed by China. Previously in 2020 China was in first place with USA Standing Second. The Total Value of trade between China and India stands at $110.4 billion in 2021. The numbers show no huge change in India-China trade despite Bilateral Tension between these two emerging economy giants over border Issues.

The top ten trading partners of India are-

• USA
• China
• UAE
• Saudi Arab
• Switzerland
• Hong Kong
• Singapore
• Iraq
• Indonesia
• South Korea

SPECIAL NOTES FOR ASPIRANTS:

• USA President: Joe Biden

• USA Vice-President: Kamala Harris(1st woman to hold the post)

• China President: Xi Jinping

• China Currency: Renminbi