China overtakes US as India’s top trading partner in FY24, officials say ‘positions keep changing’

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At a press briefing on Wednesday, officials said the total merchandise for the US and China were always close to each other. “Sometimes China is up, sometimes the US is up. Long-term perspective is important and with overall trade, these are close margins. These positions keep changing,” they added. China clocked $118.41 billion in the financial year, closely followed by the US with $118.29 billion, according to data from the Indian commerce ministry. New Delhi: China overtook the US as India’s top trading partner in FY24 with a total trade of $118.4 billion, though Indian commerce ministry officials have argued...