In the given question, a statement of Assertion is followed by a statement of Reason. Mark the correct answer.

Assertion: Bilateral trade between India and China has increased from 338 Million Dollars in 1992 to more than 84 Billion US Dollars in 2017.
Reason: There is little cooperation between India and China in Economic Sector.

The Assertion is correct but the Reason is incorrect.

Assertion: Bilateral trade between India and China has increased from 338 Million Dollars in 1992 to more than 84 Billion US Dollars in 2017. This statement is correct.
Reason: There is little cooperation between India and China in Economic Sector. This statement is incorrect. Due to the economic cooperation between these two countries, trade has been increasing over the years.

Rajiv Gandhi’s visit to China in December 1988 provided the impetus for an improvement in India–China relations. Since then both governments have taken measures to contain conflict and maintain ‘peace and tranquility’ on the border. They have also signed agreements on cultural exchanges and cooperation in science and technology, and opened four border posts for trade. With India– China trade growing at 30 per cent per year since 1999, a more positive perspective on relations with China has emerged. Bilateral trade between India and China has increased from $338 million in 1992 to more than $84 billion in 2017. More recently, both countries have agreed to cooperate with each other in areas that could otherwise create conflict between the two, such as bidding for energy deals abroad. At the global level, India and China have adopted similar policies in international economic institutions like the World Trade Organisation.