China surpasses US, becomes India’s top trading partner with $118.4 billion business

China surpasses US, becomes India’s top trading partner with $118.4 billion business

Conversely, trade between India and the US experienced a slight decline. Two-way trade totalled $118.3 billion in FY24, with Indian exports dropping by 1.32% to $77.5 billion and imports decreasing by 20% to $40.8 billion.

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