Trade between India and China has expanded rapidly since the 1990s, growing from about $339 million in 1992 to more than $150 billion by the mid-2020s. China is one of India’s largest trading partners, with India importing large quantities of electronics, machinery, chemicals, and industrial equipment. However, the trade relationship has remained heavily imbalanced: Chinese exports to India exceed Indian exports to China, leading to growing concerns in India over economic dependence and trade deficits.
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