China Replaces US as India's Largest Trading Partner

China’s re-emergence as India’s biggest trading partner comes despite Prime Minister Narendra Modi’s government efforts to draw down commercial ties with the eastern neighbour, which is been seen as New Delhi’s retaliation to the ongoing border standoff that began in May last year, as well as part of an effort to plug the ballooning trade deficit with the world’s second-biggest economy.

#China #Economics #India