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China back as top India trade partner even as relations sour

China regained its position as India’s top trade partner in 2020, as New Delhi’s reliance on imported machines outweighed its efforts to curb commerce with Beijing after a bloody border conflict.

Two-way trade between the longstanding economic and strategic rivals stood at $77.7 billion last year, according to provisional data from India’s commerce ministry. Although that was lower than the previous year’s $85.5 billion total, it was enough to make China the largest commercial partner displacing the US, bilateral trade with whom came in at $75.9 billion amid muted demand for goods in the middle of a pandemic.

Source: The Indian Express

Link: China back as top India trade partner even as relations sour | Business News,The Indian Express

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