China surpasses America..? What is the best for India..!?

Sowmiya Sriram
China surpasses America..?  What is the best for India..!?

China has overtaken the US as India's best trading partner, with $11.49 billion in July. According to the data released by the Ministry of Commerce, china has surpassed the US, indicating growing confidence in China. In the same July, US trade stood at $11.08 billion. This is amid a growing economic recession in the US, where demand has begun to slowly decline. Meanwhile, US trade with india has declined. US export growth in July increased by 0.41% to $6.78 billion. But imports from china rose 45% to $10.2 billion.
China was India's trading partner said by Chinese data. But india did not accept it. America is also India's best trading partner. In the four months ended July 31, the united states topped the list with exports worth $46.2 billion, followed by china at $40.4 billion. Meanwhile, exports to the neighboring country fell 44% to $1.26 billion in July. The export ratio is The previous month has seen improvement.
India's exports to china fell by 33% in April-July last year. But imports from china to india increased by 16% in July. Major imports from china include coal, antibiotics, fertilizers, silver and auto spare parts, transformers, printing machines, vacuum pumps, electrical equipment for telephones, etc. Imports of many electronic products has increased tremendously. This includes especially AC, vacuum pumps, bridges, motor vehicles, etc.
The best thing for india is to increase its exports, although india is engaged in trade with china and the US. While imports are essential, increasing production in india will also help india reduce its trade deficit.
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