India's Trade Deficit with China Projected to Reach $150 Billion

A new report from Business Standard predicts that India's trade deficit with China will reach $150 billion by the end of the fiscal year 2027. This significant increase in the deficit highlights the growing imbalance in trade relations between the two countries. The report attributes this widening gap to China's dominance in manufacturing and exports, while India continues to import a large volume of goods from China. The report's findings raise concerns about the impact of this trade imbalance on India's economy.