India's trade deficit with China crosses USD 100 bn in first 9-months

India's trade deficit with China has exceeded USD 100 billion for the first nine months of the year, reaching USD 105.93 billion. This significant increase in the deficit is partly offset by a notable 40.7 percent rise in Indian exports to China. The overall growth in bilateral trade is also notable, with a 25.4 percent expansion driven by increased Chinese exports to India. This development has implications for India's trade balance and its economic relationship with China.

Why it matters

India's trade deficit with China has increased significantly, which could impact India's economy and trade relations. This may lead to a decrease in investor confidence and a potential decline in the value of the Indian rupee.

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