China Remains Top Trading Partner For India In 2020
Even after tensed border relations, China stood as India's biggest trade partner in 2020. Reportedly, India did a bilateral trade of $77.7 billion. However, it was less than 2019's $85.5 billion. Besides, total imports stood at $58.7 billion, which was way more than combined purchases from the US and UAE. Moreover, the bilateral trade gap was recorded at $40 billion. Interestingly, India's export to the neighbour increased to $19 billion.
Tags: India, China, Chinese Apps, Trade relations, India- China trade
Courtesy: The Economic Times