News Snapshot:
According to official figures revealed on Friday, India’s trade imbalance grew to over USD 69 billion in 2021, surpassing the USD 100 billion milestones in a year when relations between the two countries reached a new low owing to a prolonged standoff by the military in eastern Ladakh. According to the state-run Global Times, overall trade between China and India in 2021 was USD 125.66 billion, rising 43.3 percent from 2020, according to figures from the General Administration of Customs. The landmark increase of the bilateral trade crossing USD 100 billion went without much fanfare as the relations remained frosty...
