Regardless of ongoing LAC standoff, commerce between India and China reached a document $125 billion in 2021 regardless of the worst chill in bilateral ties in a long time, Chinese language customs information confirmed. Two-way commerce between India and China in 2021 stood at $125.66 billion, up 43.3 p.c from 2020 when bilateral commerce was price $87.6 billion. India-China commerce in 2020 declined by 5.6 p.c to $87.6 billion, the bottom since 2017. However China nonetheless overtook the US to turn out to be India’s largest buying and selling associate final yr. Watch this video for full particulars.
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