The United States has now become India’s top trading partner, ousting China from the spot and further cementing America’s business ties with the South Asian superpower.
Bilateral trade between Washington and New Delhi was at $119.4 billion in 2021–22, an increase of more than 48 percent from the $80.5 billion in trade in 2020–21, according to the Indian commerce ministry.
American exports to India rose to $43.31 billion from $29 billion during this period, while imports from India to the United States rose to $76.1 billion from $51.6 billion. India’s trade with China rose to $115.4 billion from $86.4 billion but remained lower than its trade with the United States….