China Overtakes US To Become India’s Largest Trading Partner | Trade Deficit Hits Record $112B

Описание: China has overtaken the US to become India’s largest trading partner in FY 2025-26 with total bilateral trade reaching $151.1 billion. India’s exports to China rose 36.66% to $19.47 billion, while imports jumped 16% to $131.63 billion. The trade deficit with China widened to a record $112.16 billion. Despite this, India recorded overall exports of $860 billion in FY26. Trade with the US remained strong with a surplus of $34.4 billion.




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