Trade Deficit with China is Widest Ever

In March alone, goods imports from China jumped over 25% year-on-year to $9.7 billion, led by electronics, etc.

- Reuters

India recorded a trade deficit of $99.2 billion with China in the 2024/25 fiscal year that ended in March, trade data showed, driven by a surge in imports of electronics goods and consumer durables.

The data comes as US President Donald Trump announced a 90-day pause last week on most tariff hikes for major trading partners including India, while sharply increasing levies on Chinese goods, stoking fears that Chinese firms may divert goods to other markets.