Which country has become the largest trading partner of India in FY24?

China has emerged as the largest trading partner of India with $ 118.4 billion two-way commerce in 2023-24.

The bilateral trade between India and the US stood at $ 118.3 billion in 2023-24.

India’s exports to China rose by 8.7% to $ 16.67 billion in the last fiscal.

Imports from the US also grew by 14.7%, from $ 35.55 billion to $ 40.78 billion.