According to the data of the commerce ministry of India, the US has become India’s top trading partner in 2021-22. The trade between India and US has increased substantially surpassing India’s trade with China.
Exports to the US increased by around 47.50% in the year 20-21 compared to previous fiscal year whereas imports rose to 49.35%.
This depicts the strong bilateral trade developing between the US and India which giving a lot of opportunities in different sectors for traders and manufacturers.
In comparison, India’s export to China increased very marginally while the import rose to 44.39% compared to previous fiscal year.
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