Expert Speak
A Showcase of India’s Top 10 Trade Partners
In the wake of the US surmounting China as India’s top trade partner in 2021 - 22, it is pertinent to take a look at South Asia’s biggest economy’s top 10 trade partners. Interestingly, barring the top trade partner, the US, India has a trade deficit with the rest of the nine partners, amounting to a colossal $154.7 billion. Only the top two partners, the US and China have bilateral trade above $100 billion whereas the bottom three, Indonesia, South Korea and Australia roughly have the same quantum of around $25 billion. Read on to know more about how crucial is the Gulf geography for India’s economy et al.