India’s China Trade Deficit Is Widening: Can SMEs Become the Strategic Corrective?
India’s economic engagement with China over the past five years tells a sobering story. While bilateral trade volumes have expanded, the balance has moved steadily against India. Exports to China have declined from around $22 billion in FY21 to roughly $14 billion in FY25. Imports, meanwhile, have surged from $65 billion to over $113 billion…
