China becomes India’s biggest trading partner in first 9 months of FY21

After being relegated to the second spot in the previous two fiscal years, again became India’s biggest partner in the first nine months of FY21.

This was despite heightened tensions between the two countries. However, while has a huge trade surplus with India, the US has trade deficit with India.

For instance, imported goods worth $15.3 from India and exported goods worth $45.4 billion to India, leaving a surplus of $30.1 billion for the neighbouring country during April-December.

China was the biggest exporter of goods to India and the US the biggest importer from India in the first nine months of the current fiscal year.


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