Trump’s Gambles
President-elect Donald Trump is making news even before assuming the presidency. This is not surprising because he is known for his mercurial and unpredictable stances on many global as well as bilateral issues.
Bilateral trade between India and the US rose by almost 8 per cent to $128.55 billion in 2022-23, compared to $119.5 billion in 2021-22.
Bilateral trade between India and the US rose by almost 8 per cent to $128.55 billion in 2022-23, compared to $119.5 billion in 2021-22.
The growth in bilateral trade between the two countries is significant, considering the fact that in 2020-21, it was only $80.51 billion, according to Commerce Ministry data.
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Exports to the US rose by 2.81 per cent to $78.31 billion in 2022-23 as against $76.18 billion in 2021-22, while imports grew by about 16 per cent to $50.24 billion.
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At the same time, India’s bilateral trade with China fell by 1.5 per cent in 2022-23 to $114 billion, compared to $115 billion in 2021-22.
Exports to China fell by 28 per cent to $15.32 billion in 2022-23, while imports rose by 4 per cent to $98.51 billion in 2021-22.
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