US India’s top trading partner for 4th year in a row in FY25
The US has emerged as India’s largest trading partner for the fourth fiscal in a row, with bilateral trade valued at $131.84 billion in FY25. China continues to be the second-largest trading partner of India, with $127.7 billion in two-way commerce in the fiscal compared to $118.4 billion in FY24. India’s trade deficit with Beijing widened by 17 per cent to $99.2 billion in the period.
The US has emerged as India’s largest trading partner for the fourth fiscal in a row, with bilateral trade valued at $131.84 billion in FY25.
China continues to be the second-largest trading partner of India, with $127.7 billion in two-way commerce in the fiscal compared to $118.4 billion in FY24.
India’s trade deficit with Beijing widened by 17 per cent to $99.2 billion in the period.
