Indian Households Saving Less, Borrowing More: A Concern for the Economy on Nostr: China Overtakes US as India's Largest Trading Partner in FY24 =============== ...
China Overtakes US as India's Largest Trading Partner in FY24
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#719f7845 ver:0.24
China overtakes the US as India's largest trading partner in FY24, with a total trade value of $118.4 billion. India seeks to diversify trade partners and may discuss a preferential trade agreement with the US. India has a hefty trade surplus with the US but suffers from a large deficit with China. Efforts to reduce reliance on Chinese imports continue, while collaborations with the US and Taiwan are explored. Lowering tariffs and India's emergence as a low-cost producer could double bilateral trade with the US. #Trade #China #US #India...
#newstr #IndiachinaTrade #TradeDeficit #ImportDuties #RestrictedLists #ProductionlinkedIncentives
https://here.news/story/719f7845?ver=0.24
===============
#719f7845 ver:0.24
China overtakes the US as India's largest trading partner in FY24, with a total trade value of $118.4 billion. India seeks to diversify trade partners and may discuss a preferential trade agreement with the US. India has a hefty trade surplus with the US but suffers from a large deficit with China. Efforts to reduce reliance on Chinese imports continue, while collaborations with the US and Taiwan are explored. Lowering tariffs and India's emergence as a low-cost producer could double bilateral trade with the US. #Trade #China #US #India...
#newstr #IndiachinaTrade #TradeDeficit #ImportDuties #RestrictedLists #ProductionlinkedIncentives
https://here.news/story/719f7845?ver=0.24