India-China Trade. Bilateral trade between India and China in FY24 stood at US$ 118.40 billion against US$ 113.83 billion in FY23 with a growth of 4%. As of 2023-24, China was India’s fourth-largest trading partner in export. In the year 2020, India became the 16th largest trade partner of …

Bilateral trade between India and China. India's imports from China — 2010 to 2019. Following that conference, bilateral trade between China and India touched US$89.6 billion in 2017–18, with the trade deficit widening to US$62.9 billion in China's favor.

May 12, 2024 · China has emerged as India's largest trading partner in the FY 2023-24 with $118.4 billion two-way commerce, narrowly edging past the US, according to the data of economic think tank GTRI. The bilateral trade between India and the US stood at $118.3 billion in 2023-24. Washington was the top trading partner of New Delhi during 2021-22 and 2022-23.

Oct 11, 2024 · Economically, China is India’s largest trading partner, with bilateral trade crossing US$100 billion in the 2023-24 financial year. China remains a vital supplier of industrial goods to India, particularly in electronics, machinery, and chemicals.

Nov 4, 2024 · India faces two potential pathways to capitalize on the "China plus one" strategy: deeper integration into China's supply chain or increased Chinese FDI into India. The latter appears more promising for enhancing India’s exports, particularly to Western markets.

Jan 14, 2025 · However, India remains reliant on Chinese imports, with a significant trade deficit. Experts suggest that the Union Budget 2025 may include strategies like boosting R&D, expanding the PLI scheme, and focusing on diversifying supply chains to …

Nov 28, 2024 · India enjoyed a trade surplus of $35.3 billion with the U.S. in fiscal 2024, driven by robust export growth. In contrast, India’s trade deficit with China surged to $85.1 billion, the largest with any trading partner.

May 13, 2024 · With imports from China crossing over $100 billion in FY24, China has overtaken the US to become India’s largest trading partner after a gap of two years, as per data released by the think tank Global Trade Research Initiative (GTRI).

Jul 18, 2024 · In the 2023-24 financial year China edged past America to reclaim its position as India’s top trading partner. India’s imports from China increased to $102bn (about 56% more than in 2020) out...

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