New Delhi, April 17 -- India's trade deficit with China surged to a record level in the fiscal year ended March 31, almost touching the $100 billion-mark, latest government data showed, even as officials fear that the Indian market may see a deluge of Chinese goods, with the US threatening a 245% tariff on imports from China.
India exported goods worth $14.25 billion to China in 2024-25, a 14.4% dip from $16.66 billion the previous financial year (2023-24), according to detailed trade data released by the commerce ministry on Wednesday.
In 2024-25, India imported Chinese merchandise worth $113.45 billion, a 11.5% jump from $101.73 billion imported the previous financial year. The data showed India's imports from China registered a robust ...