Related News

5 signs of an emotionally immature partner– And to deal with them

Emotional maturity and empathy are the foundation of a healthy relationship. Without it, communication breaks down, conflicts escalate, which can make one partner often feel drained, unheard, and unappreciated. Emotional

AAP leader Arvind Kejriwal’s daughter Harshita Kejriwal marries Sambhav Jain: All about the bride and groom

AAP leader Arvind Kejriwal’s daughter gets married: All about Harshita Kejriwal and her husband Sambhav Jain Former Delhi Chief Minister and Aam Aadmi Party (AAP) leader Arvind Kejriwal and his

IPL lowest score: Where does RCB’s 95/9 vs PBKS stand on the list?

NEW DELHI: Royal Challengers Bengaluru (RCB) endured a night to forget at the M. Chinnaswamy Stadium on Friday as they registered one of their lowest scores in the history of

8 notable books with strong female leads and characters

Since time immemorial, women have been in one of the most ‘backward’ sections of society. From real-life to books and literature, they were rarely ever the main leads or the

‘When Babar Azam makes a comeback, he will be better than Virat Kohli … match Garry Sobers, Viv Richards’ | Cricket News

Babar Azam (Image credit: PCB) Babar Azam continues to face challenges as he struggles with poor form in T20 matches, having been dropped from Pakistan’s T20I side for the New

Bhagavad Gita & Natyashastra added to Unesco’s Memory of the World Register. Know about the 14 Indian treasures honoured by Unesco

This collection consists of 248 manuscripts by Abhinavagupta (940–1015 CE), a remarkable Indian philosopher and polymath from 10th-century Srinagar, Kashmir. Abhinavagupta made lasting contributions to philosophy, aesthetics, literary theory, performing

US top trading partner of India for 4th straight year in FY25; trade gap with china widens to $99.2 bn

Word Count: 697 | Estimated Reading Time: 4 minutes

NEW DELHI: The US remained India’s largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at USD 131.84 billion, while the country’s trade deficit with China widened to USD 99.2 billion during the same period, government data showed. In the last fiscal, India’s exports to China contracted 14.5 per cent to USD 14.25 billion as against USD 16.66 billion in 2023-24. The imports, however, rose by 11.52 per cent in 2024-25 to USD 113.45 billion against USD 101.73 billion in 2023-24.
The trade deficit with China has widened by about 17 per cent to USD 99.2 billion in the last fiscal from USD 85.07 billion in 2023-24.
China continues to be the second largest trading partner of India with USD 127.7 billion two-way commerce in 2024-25 as compared to USD 118.4 billion in 2023-24.
According to the commerce ministry data, China was India’s top trading partner from 2013-14 till 2017-18 and also in 2020-21. Before China, the UAE was the country’s largest trading partner. The US has been the largest partner since 2021-22.
During the last fiscal, the UAE with USD 100.5 billion was the third largest trading partner of India.
In the last fiscal, India’s exports to the US rose by 11.6 per cent to USD 86.51 billion as against USD 77.52 billion in 2023-24. The imports were up by 7.44 per cent in 2024-25 to USD 45.33 billion against USD 42.2 billion in 2023-24.
The trade surplus with America has touched USD 41.18 billion in the last fiscal from USD 35.32 billion in 2023-24.
In 2024, India’s main exports to the US included drug formulations and biologicals (USD 8.1 billion), telecom instruments (USD 6.5 billion), precious and semi-precious stones (USD 5.3 billion), petroleum products (USD 4.1 billion), gold and other precious metal jewellery (USD 3.2 billion), ready-made garments of cotton, including accessories (USD 2.8 billion), and products of iron and steel (USD 2.7 billion).
Imports included crude oil (USD 4.5 billion), petroleum products (USD 3.6 billion), coal, coke (USD 3.4 billion), cut and polished diamonds (USD 2.6 billion), electric machinery (USD 1.4 billion), aircraft, spacecraft and parts (USD 1.3 billion), and gold (USD 1.3 billion).
The bilateral trade between India and the US is expected to get a boost in the coming years as both are negotiating a trade agreement. The aim is to increase two-way commerce in goods and services to USD 500 billion by 2030 from USD 191 billion at present.

Source link