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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.

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