China was the only major country to post a growth in trade with India in FY21. Indo-US bilateral trade contracted 9.5 per cent to $80.5 billion. India's overall trade with the world also declined more than 13 per cent to $684.77 billion
The US remained the countrys top export partner, according to government data, but shipments declined 2.78% to $51.63 billion in a year when Indias merchandise trade — both exports and imports — fell amid global lockdowns and disruption to logistics due to the pandemic.
Covid, boycott-China campaign, Aatmanirbhar Bharat Abhiyan India buys less, sells more to the Chinese and reduces trade deficit by 22 per cent in pandemic times
Importance of the India - China trade ✓ Interest in the Spice Trade (Not many countries had it ) ✓ Problem faced by the British EIC in SEA ✓ How did the Briti.