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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.

Tue, 23 Feb 2021 - 04:10 PM / by Ronit John

Tags: India, China, Chinese Apps, Trade relations, India- China trade

Courtesy: The Economic Times