https://www.taxtmi.com/news?id=41058 The United States remained India's largest trading partner for the fourth consecutive year, while China was the second largest despite a widened bilateral trade deficit driven by falling Indian exports and rising imports. India posted a trade surplus with the US supported by increases in exports across pharmaceuticals, telecom instruments, gems and jewellery, petroleum products and garments, and imports concentrated in energy, diamonds, electrical machinery and aircraft parts. Ongoing negotiations for a US India trade agreement aim to expand two way commerce substantially by 2030. en-us Wed, 16 Apr 2025 11:16:02 +0530 Wed, 16 Apr 2025 11:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41058 The United States remained India's largest trading partner for the fourth consecutive year, while China was the second largest despite a widened bilateral trade deficit driven by falling Indian exports and rising imports. India posted a trade surplus with the US supported by increases in exports across pharmaceuticals, telecom instruments, gems and jewellery, petroleum products and garments, and imports concentrated in energy, diamonds, electrical machinery and aircraft parts. Ongoing negotiations for a US India trade agreement aim to expand two way commerce substantially by 2030. News - Wed, 16 Apr 2025 11:16:02 +0530 https://www.taxtmi.com/news?id=41058