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