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China Surpasses US as India's Largest Trading Partner in FY26
Kashmir Observer
|APRIL 16, 2026 ISSUE
China has overtaken the US to emerge as India’s largest trading partner in 2025-26, with bilateral trade reaching USD 151.1 billion, while the country's trade deficit with Beijing widened to USD 112.16 billion during the period, government data showed.
The US was India’s largest trading partner for four consecutive years till 2024-25.
India’s exports to China rose 36.66 per cent to USD 19.47 billion during the last fiscal year, while imports increased 16 per cent to USD 131.63 billion. The trade deficit swelled to an all-time high of USD 112.6 billion in 2025-26 as against USD 99.2 billion in 2024-25.
Cette histoire est tirée de l'édition APRIL 16, 2026 ISSUE de Kashmir Observer.
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