US pips China as India’s biggest trading partner

The US surpassed China to become India’s top trading partner in 2021-22, reflecting strengthening economic ties. According to commerce ministry data, in 2021-22, the trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21. Exports to the US rose to $76.11 billion in 2021-22 from $51.62 billion in previous fiscal, while imports rose to $43.31 billion as compared to $29 billion in 2020-21. During 2021-22, India’s two-way commerce with China aggregated at $115 billion as compared to $86 billion in the previous year, data showed.

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