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India’s top Trade Partner
February 27 , 2021
1242 days
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- China has again become India’s top trading partner in the year 2020.
- The reason was because India was still dependent on the import of heavy machines, telecom equipment and home appliances from China.
- The provisional data from the trade between both the countries in the year 2020 stood at $77.7 billion.
- However, the trade had decreased as compared to the 2019 trade total of $85.5 billion.
- The bilateral trade gap of India with China was $40 billion in the year 2020.
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