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Nawal
•

SELF • 1y

‼️China - India Latest Update . China has emerged as India's largest trading partner with $118.4 billion two-way commerce in 2023-24, slightly edging past the US, according to the data of economic think tank The Global Trade Research Initiative (GTRI). Bilateral trade between India and the US stood at $118.3 billion in 2023-24. The USA was India's top trading partner during 2021-22 and 2022-23. The data showed that India's exports to China rose by 8.7% to $16.67 billion in the last fiscal year. The main sectors that recorded healthy growth in exports to that country include iron ore, cotton yarn/fabrics/madeups, handloom, spices, fruits and vegetables, plastic, and linoleum. On the other hand, exports to the US dipped by 1.32% to $77.5 billion in 2023-24 as against $78.54 billion in 2022-23, while imports fell by about 20% to $40.8 billion, the data showed.

14 Replies

Replies (14)

Anonymous 3

Hey I am on Medial • 1y

That’s bad news for 🇮🇳

1 Reply

Anonymous 1

Hey I am on Medial • 1y

Jitna bhi ban karlo. Woh toh export karna band nai krenge 😂👌

1 Reply

LIKHITH

"You never know" • 1y

Is it a good news or a bad one 🤔?

1 Reply

Aryan Raj

Building @Prescribal... • 1y

It's not that much concerning, as we are still able to increase our export to China gradually, and we can't do anything immediately about our imports as our industries also need them so for now we have to just focus on increasing our exports to china which we're doing great

Adil Tk

BBA Student • 1y

Our country is going on a stage of developing

Anonymous 2

Hey I am on Medial • 1y

Why do exports keep falling when we’re becoming so world class? It did, last year too

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📈 India's Trade Performance (2019-20 to 2023-24)(In US$ Billion):🇮🇳 Exports: 🚀 Rose by 47.79% 📊 2019-20: $526.55B ➡️ 2023-24: $778.19B Imports: 📦 Increased by 41.59% 📊 2019-20: $602.98B ➡️ 2023-24: $853.73B (MoC&I)