China emerges as India’s #1 trade partner

India’s eastern neighbour China has emerged as its biggest trading partner in the current fiscal replacing the UAE and pushing it to the third spot, according to a study conducted by PHD Chamber of Commerce.

India-China trade has reached USD 49.5 billion with 8.7 per cent share in India’s total trade, while the US comes second at USD 46 billion with 8.1 per cent share and the UAE third at USD 45.4 billion with 8 per cent share during the first nine months of the current fiscal, the study revealed.

The UAE was India’s biggest trading partner in the 2012-13 fiscal.

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