{"id":86578,"date":"2020-07-13T01:48:19","date_gmt":"2020-07-12T20:18:19","guid":{"rendered":"https:\/\/factly.forumias.com\/?p=16345"},"modified":"2020-07-13T01:48:19","modified_gmt":"2020-07-12T20:18:19","slug":"us-remains-indias-top-trading-partner-in-2019-20","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/us-remains-indias-top-trading-partner-in-2019-20\/","title":{"rendered":"US remains India&#8217;s top trading partner in 2019-20"},"content":{"rendered":"\n<p><strong>News: <\/strong>Ministry of Commerce and Industry has released the data on Bilateral trade between India-US for 2019-20.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>Key Takeaways:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Largest Trading Partner: <\/strong>United States(US) has remained India&#8217;s top trading partner for the second consecutive fiscal in 2019-20.<ul><li>The bilateral trade between the US and India stood at $ 88.75 billion in 2019-02 as against $87.96 billion in 2018-19.<\/li><\/ul><\/li><li><strong>Trade Surplus: <\/strong>US is one of the few countries with which India has a trade surplus.The trade gap between the countries has increased to $17.42 billion in 2019-20 from $16.86 billion in 2018-19.<\/li><li><strong>China: <\/strong>In 2018-19, US first surpassed China to become India&#8217;s top trading partner.<ul><li>The bilateral trade between India and China has dipped to $81.87 billion in 2019-20 from $87.08 billion in 2018-19.&nbsp;<\/li><\/ul><\/li><li><strong>Trade deficit: <\/strong>The trade deficit between India and China has also declined to $48.66 billion in 2019-20 from $53.57 billion in 2018-19.<\/li><\/ul>\n\n\n\n<p><strong>Additional Facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Trade Surplus: <\/strong>It is an economic measure of a positive balance of trade, where a country&#8217;s exports exceed its imports.<\/li><li><strong>Trade Deficit: <\/strong>It occurs when a country&#8217;s imports exceed its exports during a given time period.It is also referred to as a negative balance of trade(BOT).<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: Ministry of Commerce and Industry has released the data on Bilateral trade between India-US for 2019-20. Facts: Key Takeaways: Largest Trading Partner: United States(US) has remained India&#8217;s top trading partner for the second consecutive fiscal in 2019-20. The bilateral trade between the US and India stood at $ 88.75 billion in 2019-02 as against&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/us-remains-indias-top-trading-partner-in-2019-20\/\">Continue reading <span class=\"screen-reader-text\">US remains India&#8217;s top trading partner in 2019-20<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[4141,42,63],"class_list":["post-86578","post","type-post","status-publish","format-standard","hentry","category-economy","tag-bilateral-trade","tag-india","tag-us","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704868129},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86578"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86578\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}