Concept:Trade surplus means the value of exports is greater than the value of imports. Since 2014-15, India has consistently maintained a trade surplus with the United States.
Explanation:India's overall trade deficit has widened over recent years. However, with the USA, India's exports have exceeded imports continuously since 2014-15. This makes the USA the only country among the given options with which India has a trade surplus. In contrast, India has run a trade deficit with China, Saudi Arabia, and Germany throughout the same period. For instance, China is a major source of imports, leading to a large deficit. Similarly, oil imports from Saudi Arabia create a deficit. Germany also contributes to India's trade deficit due to machinery imports. The consistent surplus with the USA is driven by strong exports in services like IT and pharmaceuticals, as well as goods such as gems and jewellery. Therefore, based on official trade data, the correct answer is the USA.
Answer:The correct answer is USA.