- The Union Ministry of Industry and Commerce published trade data for the nation in October 2023.
- These numbers show that the United States has surpassed all other commercial partners in India.
- China has been surpassed by the United States to take the top spot.
- Data from the government show that during April to September 2023, bilateral commerce between India and the US totaled $59.67 billion.
- From April to September 2023, bilateral trade between China and India was $58.11 billion.
- Comparing this year to last, bilateral trade between China and India has decreased by 3.56%.
Additionally, China’s imports decreased to $50.47 billion from $52.42 billion during the same time last year.
