China reclaims top trading partner tag

In the last financial year, China surpassed the US to become India's biggest trading partner with trade valued at $118.4 billion. Imports from China rose by 15.7% to $101.7 billion, and exports grew by 3.8% to $16.7 billion. India's exports to the US increased by 17.7% to $77.5 billion, while imports rose by 6% to $40.8 billion.