During April-October 2024, which country was India's top import source with…
2025
During April-October 2024, which country was India's top import source with $65.89 billion worth of inbound shipments, marking a 9.8% year-on-year increase?
- A.
Germany
- B.
US
- C.
China
- D.
Japan
Show answer & explanation
Correct answer: C
Concept: India's foreign trade statistics — compiled from DGCI&S data and released periodically by the Ministry of Commerce & Industry — rank trading partners for a given period by the total value of goods exchanged. A country's position as India's "top import source" is determined purely by the value of India's inbound shipments (imports) FROM that country, independent of the value of India's exports TO it or the overall trade balance.
Application: For the April-October 2024 period (the first seven months of FY2024-25), Ministry of Commerce data recorded China as India's top import source, with inbound shipments valued at $65.89 billion — a 9.8% increase over the same period a year earlier. This reflects India's continued heavy reliance on Chinese electronics, machinery, active pharmaceutical ingredients (APIs), and industrial inputs, a dependence that has persisted despite policy efforts such as PLI schemes aimed at import substitution.
Cross-check against the other offered countries:
Germany: a significant European trade partner via machinery and auto components, but its shipment value into India for this period was well below the top-ranked source.
US: the US is typically India's largest EXPORT destination (India runs a trade surplus with the US), but that ranks countries by what India sells TO them, not by what India imports FROM them — the US's shipment value INTO India for this period was smaller than China's, so it does not top the import-source ranking.
Japan: a steady but comparatively smaller source of capital goods and automotive technology, with total shipment value well below the top import source for this period.
Result: China, with $65.89 billion in inbound shipments and 9.8% year-on-year growth, was India's top import source during April-October 2024.