India's Trade Deficit with China Hits Record High; U.S. Trade Surplus Grows to $41.18 Billion on $131.84 Billion Trade

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Published Apr 16, 2025, 05:01 PM

India's trade deficit with China reached a record level in the fiscal year 2024-25, as reported by government data. In contrast, India's trade relationship with the United States has strengthened, marking the U.S. as India's largest trading partner for the fourth consecutive year. Bilateral trade between India and the U.S. amounted to $131.84 billion, with India recording a trade surplus of $41.18 billion, a 16.6% increase from the previous year's surplus of $35.32 billion. Meanwhile, imports from China rose by 11.5%, increasing from $101.74 billion in FY24 to $113.46 billion in FY25. Conversely, India's exports to China fell by 14.5%, decreasing from $16.67 billion in FY24 to $14.25 billion in FY25. This data highlights the contrasting trends in India's trade dynamics with China and the U.S.

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