US Now India’s Top Trading Partner

• 17 Mar 2020

• According to the 2018-19 data from the Commerce Ministry, the United States has become India’s top trading partner surpassing China.
• China was India's top trading partner since 2013-14 till 2017-18.
• The bilateral trade between the US and India amounted to USD 87.95 billion as compared to USD 87.07 billion with China.
• America is one of the few countries with which India has a trade surplus. While dealing with the US, India had a surplus of 16.85 billion in the year 2018-19 alone.
• Currently, the top five trading partners of India are - US, China, UAE, Saudi Arabia and Hong Kong.