China names new commerce envoy as US tensions rise; India’s positive aspects unsure

Whereas the 2 nations had beforehand mentioned increasing commerce to USD 500 billion by 2030, that ambition seems more and more distant within the present coverage local weather.

On the similar time, India’s commerce relationship with China stays lopsided.

In 2024–25, India’s exports to China fell by 14.5 per cent to USD 14.25 billion, at the same time as imports rose by 11.5 per cent to USD 113.45 billion, widening the commerce deficit to USD 99.2 billion — a year-on-year improve of 17 per cent.

China stays India’s second-largest buying and selling associate, however the imbalance continues to deepen.

As world commerce dynamics harden, each China and India are recalibrating their approaches.

Whereas China banks on inner consumption and different markets throughout Europe and the International South, India is now in a wait-and-watch mode with the US, because the Trump administration’s tariff-first coverage places earlier commerce momentum on maintain.

With PTI inputs