News Snapshot:
Amid fresh demands for snapping of trade ties with China in the wake of the Tawang skirmish, official data show that India’s imports from the neighbouring country spiked sharply post the Galwan clash, in which 20 Indian soldiers were killed. Second-biggest trading partner China is India’s second biggest trading partner after the United States. In 2021-22, India-China bilateral trade stood at $115.83 billion, which was 11.19 per cent of India’s total merchandise trade of $1,035 billion. The US was just a notch above, with 11.54 per cent ($119.48 billion) share. Till 20 years ago, China figured at the 10th position...
