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Economy - Current Affairs and GK

Q1:

In the fiscal year 2023-24, which country overtook the United States to become India's largest trading partner?

A Japan

B China

C Russia

D United Kingdom

ANS:B - China

According to data from the Global Trade Research Initiative (GTRI), China emerged as India's largest trading partner in FY23-24, surpassing the United States. This shift in trade dynamics reflects the significant growth in two-way commerce between India and China, with trade values exceeding those of the US during this period.