Trade Deficit with China Swells to $100 Billion in FY25

Growing gap between 2 nations is due to fall in India's exports to China

- DIPAK MONDAL @ New Delhi

The country's trade deficit with China has reached $99 billion in FY25, up from $85 billion a year ago, data from the Ministry of Commerce shows.

The growing divide between the two Asian neighbors is due to a fall in India's exports to China, even as imports from the latter keep growing at a healthy pace. India's exports to China fell by 14.5% to $14.25 billion in FY25, while imports from China grew by 11.6% to $113.5 billion during the year. India's exports to China in FY25 have fallen below 2019-20 levels.