REHOBOTH BEACH, Del., June 5, 2024 /PRNewswire/ — Volza — In a significant shift in global trade dynamics, China has surpassed the USA to become India’s largest trading partner in the fiscal year 2024 (FY24). However, recent data from India’s Ministry of Commerce reveals that China has overtaken the USA, marking a pivotal change in India’s trade landscape. Trade Figures at a GlanceAccording to the latest trade data, the bilateral trade between India and China reached a record high in FY24. Implications for India and Strategic ConsiderationsThe rise of China as India’s largest trading partner in FY24 has several implications for the Indian economy. CONTACT: Arti Jain, [email protected], (302) 918-4610Source : China Surpasses USA and Becomes Largest Trading Partner of India in FY24 – VolzaThe information provided in this article was created by Cision PR Newswire, our news partner.

Source: Economic Times June 05, 2024 11:08 UTC