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India’s Trade Dynamics in FY25
April 21 , 2025
15 hrs 0 min
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- The top three countries with which India trades remained unchanged, with the US on top, followed by China.
- During the last fiscal year, with the US, India saw its exports rise by 11.6% to $86.5 billion.
- Imports to US rose at a slower pace of 7.4% to $45.3 billion, resulting in a higher trade surplus of $41 billion.
- India's trade deficit with China neared the $100 billion mark, due to a fall in exports to $14.2 billion.
- China is now India's fifth biggest export destination, slipping one place as the UK rose to number four.
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