{"id":3643,"date":"2024-03-05T15:53:44","date_gmt":"2024-03-05T15:53:44","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=3643"},"modified":"2024-03-05T15:53:44","modified_gmt":"2024-03-05T15:53:44","slug":"the-largest-part-of-indias-import-in-value-goes-to","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-largest-part-of-indias-import-in-value-goes-to\/","title":{"rendered":"The largest part of India&#8217;s import (in value) goes to"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;China&#8221; option2=&#8221;Saudi Arabia&#8221; option3=&#8221;United Arab Emirates&#8221; option4=&#8221;U.S.A.&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is (a) China.<\/p>\n<p>India&#8217;s top imports in 2021 were:<\/p>\n<ul>\n<li>Crude petroleum ($116.3 billion)<\/li>\n<li>Gold ($34.2 billion)<\/li>\n<li>Electronic goods ($33.4 billion)<\/li>\n<li>Petroleum products ($29.2 billion)<\/li>\n<li>Iron and steel ($27.8 billion)<\/li>\n<\/ul>\n<p>China was the source of 27.8% of India&#8217;s imports in 2021, followed by the United States (12.6%), the United Arab Emirates (6.7%), Saudi Arabia (5.8%), and Switzerland (5.7%).<\/p>\n<p>India&#8217;s imports from China have been growing rapidly in recent years, driven by the country&#8217;s growing demand for manufactured goods. In 2000, China accounted for just 5.3% of India&#8217;s imports. By 2010, this share had doubled to 10.6%, and by 2020, it had reached 27.8%.<\/p>\n<p>India&#8217;s imports from China are a diverse range of products, including electronics, machinery, chemicals, and textiles. The largest single category of imports from China is electronic goods, which accounted for 16.2% of India&#8217;s total imports from China in 2021.<\/p>\n<p>India&#8217;s growing imports from China have been a source of concern for some Indian policymakers, who worry that the country is becoming too reliant on Chinese imports. However, others argue that India&#8217;s trade with China is mutually beneficial, and that the country should continue to import goods from China that it cannot produce itself.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;China&#8221; option2=&#8221;Saudi Arabia&#8221; option3=&#8221;United Arab Emirates&#8221; option4=&#8221;U.S.A.&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-3643","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The largest part of India&#039;s import (in value) goes to<\/title>\n<meta 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