SME Futures Explains: India-China trade and economic relations
China, with supplies of industrial components, API drugs, electronics, mobile phones and raw materials to investments in India’s startups and technology firms, China is India’s biggest trading partner after the U.S.
India’s imports from China rose from 13.7 per cent in 2018-19 to 14.1 per cent in 2019-20. India’s exports to China rose from 5.1 per cent in 2018-19 to 5.3 per cent in 2019-20. Expert analysis by D.K. Aggarwal, President, PHDCCI on the India-China trade and economic relations.