Move over, China: US is now India’s biggest trading partner
India seems to have deepened its ties with the US, making the world’s largest democracy its top trading partner in fiscal 2021-22, surpassing China. In the financial year ended in March 2022, bilateral trade between the US and India stood at $119.42 billion (9.25 lakh crore rupees), as against $80.51 billion in the previous year, according to the Indian commerce ministry. The US is among the few countries with which India has a trade surplus, meaning exports exceed imports.
