News > US surpasses China as India’s biggest trading partner in FY22 at $119.42 bn
US surpasses China as India’s biggest trading partner in FY22 at $119.42 bn
Latesttalks | 29/05/2022 12:20 PM | Click to read full article
The US surpassed China to become India’s top trading partner in 2021-22, reflecting strengthening economic ties between the two countries. According to the data of the commerce ministry, in 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21.
During 2021-22, India’s two-way commerce with China aggregated at $115.42 billion as compared to $86.4 billion in 2020-21, the data showed.