Despite the tense relations between India and China, they continue trade with each other. Business partnership seems to appear in his strongest position. India and China are each other’s largest trading partners. India has a trade of $ 118.6 billion with China. The world trade system has been completely shaken after Donald Trump came to power in the US. After taking over in the White House, Trump has announced a tariff on several countries.
India’s business partner
Tariff has an impact on trade policies. The countries on which the US has imposed tariffs include Mexico, Canada and China. It is worth noting that these three countries are the largest trade partners of America. Trump imposed an additional tax of 25% on Mexico and Canada and 10% on China. It is a matter of relief in these decisions of Trump that India has been safe from this trade war so far. Recently Prime Minister Modi visited America. During this, he also met US President Donald Trump. The two leaders insisted on improving the trade relations between India and the US. In such a situation, do you know which countries India does the most trade with America and China? Who is India’s largest trading partner and how much business is done with these countries?
America is first placed in the list of business partners
America ranks first in the list of India’s largest trading partners. India has a trade of $ 119.7 billion with the US. By 2024, America will become India’s largest trading partner. Despite the tense relations between India and China, this country is the second largest trading partner in India. India trade with China $ 118.6 billion. The United Arab Emirates is the third largest country with the US and China with India’s trade partnership. India has a trade of $ 83.7 billion with the United Arab Emirates. At the same time, Russia, a close friend of India for decades, is at number four in this list. India trade $ 65.4 billion with Russia. This is followed by Saudi Arabia, which ranks $ 43.0 billion. The list of top 10 countries also includes Singapore, Iraq, Indonesia, Hong Kong and South Korea.
If you look at the list of top 10,
United States – $ 119.7 billion, China – $ 118.6 billion, United Arab Emirates – $ 83.7 billion, Russia – 65.4 billion, Saudi Arabia – 43.0 billion, Singapore – 35.6 billion, $ 33.6 billion, Iraq – 33.3 billion, Indonesia – 29.4 Billion dollars, Hong Kong – $ 28.7 billion, South Korea – 27.6 billion trade Does.
