India-China trade gap: Deficit widens to $99.2 billion in 2024-25; how New Delhi plans to reduce dependence
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India-China trade has grown, but a significant trade deficit favoring China persists, raising concerns in India. Despite increased exports, imports from China far outweigh them, leading to a widening gap. This dependence on Chinese goods, particularly in key sectors, poses economic and strategic challenges for India, prompting measures to boost domestic manufacturing and diversify supply chains. What's Your Reaction?
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