According to recent data, the United States has become India's largest trading partner.

According to recent data, the United States has become India's largest trading partner.

Daily Current Affairs / According to recent data, the United States has become India's largest trading partner.

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Category : Business and economics Published on: October 24 2023

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The country's trade data was released by the Union Ministry of Industry and Commerce in October 2023.
According to these figures, the United States has become India's largest trading partner.
The United States has overtaken China to take first place.
According to the ministry data, bilateral trade between India and the US reached $59.67 billion in April-September, 2023.
Bilateral trade between India and China in April-September, 2023 was $58.11 billion.
Bilateral trade between India and China has declined by 3.56% compared to last year.
Imports from China also declined to $50.47 billion, which was $52.42 billion in the same period last year.

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