[amp_mcq option1=”China and UAE” option2=”U.S.A. and Saudi Arabia” option3=”UAE and Saudi Arabia” option4=”Germany and Japan .” correct=”option1″]
The correct answer is (a). In 2011, China and the UAE accounted for the largest share percent in Indiaâs total trade with rest of the world. China accounted for 16.7% of Indiaâs total trade, while the UAE accounted for 10.7%. The other options are incorrect. The US accounted for 9.6% of Indiaâs total trade in 2011, Saudi Arabia accounted for 2.5%, Germany accounted for 4.1%, and Japan accounted for 3.6%.
India’s trade with China has grown rapidly in recent years. In 2000, China accounted for only 2.5% of India’s total trade. However, by 2011, China’s share of India’s total trade had increased to 16.7%. This growth is due to a number of factors, including India’s growing demand for Chinese goods, China’s low-cost manufacturing, and the two countries’ complementary economies.
India’s trade with the UAE has also grown rapidly in recent years. In 2000, the UAE accounted for only 1.1% of India’s total trade. However, by 2011, the UAE’s share of India’s total trade had increased to 10.7%. This growth is due to a number of factors, including India’s growing demand for oil and gas from the UAE, the UAE’s investment in India, and the two countries’ close political ties.