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    <title>China surpasses US as India&#039;s largest trading partner in FY26; trade gap swells to USD 112.16 bn</title>
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    <description>China emerged as India&#039;s largest trading partner in 2025-26, displacing the US after four consecutive years of US leadership. Bilateral trade with China rose to USD 151.1 billion, driven by higher exports and imports, and India&#039;s trade deficit with China widened to USD 112.16 billion. Trade with the US remained significant, but export growth was modest and imports increased more sharply, reducing India&#039;s trade surplus.</description>
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