During the previous year, India-US trade was estimated at $129.4 billion while bilateral trade with its northern neighbour was pegged at $113.8 billion.It was the result of a 15.7% jump in imports from China to $101.7 billion, while exports increased by 3.8% to $16.7 billion.
In contrast, India’s exports to the US went up 17.7% to 77.5 billion, while imports were 6% higher at $40.8 billion. It said that “exponential growth” in exports was seen in the case of Russia, where the value of shipments went up 35%), Romania (139%) and Albania (235%).
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