Singapore’s primary Chinese language newspaper Lianhe Zaobao recently reported that the United States has replaced China as India’s largest trade partner, while China currently ranks second. According to data that the Indian Ministry of Commerce released, from January to September this year, the bilateral trade volume between India and the United States surged by 50 percent, reaching US$28 billion. During the same period, India’s trade with China increased by 46 percent, reaching $25.3 billion. While India’s relationship with China has deteriorated, it has rapidly strengthened its relationship with the United States and its allies. At the end of September, Indian Prime Minister Modi attended the first face-to-face summit of the US-Japan-India-Australia Security Dialogue (QUAD) during his visit to Washington. The growth of U.S.-India trade is crucial to maintaining and enhancing the U.S.-India strategic partnership. Apart from being members of the World Trade Organization, the United States and India do not have any bilateral trade agreements.
Source: Lianhe Zaobao, October 18, 2021