Q- In the context of India- European UnionEU trade relations- Consider the following statements-1- EU is the largest trading partner of India-2- India and EU have signed a Broad-Based Trade and Investment Agreement in 2020 -3- The EU is the largest destination for Indian exports-Which of the statements given above is-are correct-

The correct option is B 1 onlyExplanation: Statement 1 is correct: nbsp; The EU is India's largest trading partner, accounting for €80 billion worth of tra ...

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Q. In the con...

Question

Q. In the context of India- European Union(EU) trade relations, Consider the following statements:
Which of the statements given above is/are correct?

1 and 2 only

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1 only

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2 and 3 only

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1, 2 and 3

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Solution

The correct option is B
1 only
Explanation:

Statement 1 is correct: The EU is India's largest trading partner, accounting for €80 billion worth of trade in goods in 2019 or 11.1% of total Indian trade, on par with the USA and ahead of China (10.7%).

Statement 2 is incorrect: India and EU are currently negotiating a Broad-Based Trade and Investment Agreement.

Statement 3 is incorrect: The EU is the second-largest destination for Indian exports (over 14% of the total) after the USA.

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Q. In the context of India- European Union(EU) trade relations, Consider the following statements: Which of the statements given above is/are correct?

Q. In the context of India- European Union(EU) trade relations, Consider the following statements:
Which of the statements given above is/are correct?