- The trade between India and China was around 125 billion USD in 2021.
- India’s imports from China stood at 100 billion USD. Most of the import demands were in machinery.
- India faced a trade deficit of 69.4 billion USD with China in 2021.
- This was 22% higher than the trade deficit faced in 2019. In 2021 alone, the total imported goods from China exceeded the total trade between the countries.
Tags:
Economics