China Overtakes US As India’s Largest Trading Partner In FY26; Deficit Swells To $112.6Bn
Last Updated:April 15, 2026, 9:43 PM IST The US was India’s largest trading partner for four consecutive years till 2024-25. Higher imports from China pushed total trade past $151 billion, with the deficit expanding sharply despite a rise in exports. (IMAGE: REUTERS) China has overtaken the US to emerge as India’s largest trading partner in…