Q. Consider the following statements

  1. The value of Indo-Sri Lanka Trade has consistently increased in the last decade.
  2. “Textile and textile articles constitute an important item of trade between India and Bangladesh
  3. In the last five years, Nepal has been the largest trading partner of India in South Asia

Which of the statements given above is/are correct?

  • 1 and 2 only
  • 2 only
  • 3 only
  • 1 ,2, and 3

Answer: (b) 2 only

Notes:
  • The Indo-Srilanka trade reached its peak in 2013-14 in the last decade. 
  • Bangladesh is India’s largest trading partner in South Asia, followed by Nepal, Sri Lanka, Pakistan, Bhutan, Afghanistan, and the Maldives.
  • Cotton is the largest export item to Bangladesh from India, accounting for a fifth of India’s supplies to Bangladesh, followed by mineral fuels, automobiles and capital goods.
  • India’s imports from Bangladesh jumped 22% to $1.2 billion. Garment and textile products make up for around 40% of the imports

Also Read: India-Sri Lanka Relations