Mint Quick Edit | India's trading data: Beware myths

Copyright © HT Digital Streams Limit all rights reserved. Opinion Livemint 1 Min Read April 18, 2025, 07:00 AMT, while it is tempting to go to the US-against-the-way, the whole world benefits if everyone is the best and then trades it. Summary India’s trade surplus with the US expanded in 2024-25 and a deficit with China became a gaping gap. The trends are clear. But it is not a victory for the story of the White House. Data for 2024-25 released this week shows a significant shift in India’s trading trends with its major partners. With the US exports of india exports increased by 11.6% to $ 86.5 billion over the past financial year, while imports increased by 7.4% to $ 45.3 billion. As a result, our bilateral trade surplus expanded to $ 41.2 billion. Also read: Himanshu: Trade offerings should not harm the interests of Indian farmers; Our exports to China fell 14.5% to $ 14.3 billion, even though imports increased by 11.5% to $ 113.5 billion, increasing our trade deficit to $ 99.2 billion. Maybe US President Donald Trump can say he told us. India is exceeding the US on two -way flow and China sells almost every country. Also read: America’s reciprocal rates will make the problems of Indian farmers worse, it is strange to indicate that these gaps in itself are unfair. It is myopic to look at bilateral balances in isolation. The world is too complicated for it. India’s surplus with the US is more than counteracted by our deficit with China. In addition, there are services. Generally, India has a current account deficit. Since it also means that capital inflows are tilted on our way, no injustice is done. Also read: Ajit Ranade: India must formulate a strategy to increase agricultural exports, while it is tempting to go to the US-against-them, the whole world benefits if everyone is the best and then trades it. This is another matter that we must earn and tighten an export benefit in an effort to ship opponents. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #trade #donald Trump #Tariff Hike Mint Special