Opinion
Mint Quick Edit | India’s trade data: Beware myths
Summary
- India’s trade surplus with the US widened in 2024-25 and deficit with China turned into a yawning gap. The trends are clear. But they’re not a win for the White House narrative.
Data for 2024-25 released this week shows a notable shift in India’s trade trends with its big partners.
With the US, India’s merchandise exports jumped 11.6% to $86.5 billion last fiscal year, while imports rose 7.4% to $45.3 billion.
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