InvestorQ : Is it true that the US has become a larger trading partner for India than China and what does that mean for India?
ishika Banerjee made post

Is it true that the US has become a larger trading partner for India than China and what does that mean for India?

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Niti Shenoi answered.
2 years ago
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You are absolutely right that the US has now surpassed China as India’s largest trading partner. With the Coronavirus epidemic sweeping large parts of China, many trade experts believe this gap could widen. India’s trade with the US for 2018-19 stood at $87.95 billion against $87.07 billion with China. For the Apr-Dec period, US trade stood at $68 billion as against $64.96 billion with China. That is why an early US FTA will be a big boost.

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