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India's exports to China skyrocket but a $106 billion trade deficit looms

India's exports to China surged nearly 90% in November 2025, driven by naphtha and electronics, but this growth is not broad-based. Analysts highlight a deep reliance on Chinese imports, particularly electronics and machinery, leading to a widening trade deficit projected to hit a record $106 billion. This imbalance persists despite export gains.

19 Dec 2025 12:53 pm