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Home > All news > Export Import, Report & Analysis > China remains leading import partner for India in FY24 at $101.74 billion

China remains leading import partner for India in FY24 at $101.74 billion

May 14, 2024
Reading Time: 2 minutes

New Delhi - China retained its spot as top import partner for India in 2023-24 with goods inflows increasing 3.29 percent (year-on-year) to $101.74 billion, opposed to an overall 5.66 percent decline in the country’s imports, per government figures.

High-tech items such as telecom and smartphone parts, laptop and PCs, as well as industrial inputs such as plastic, iron and steel and chemicals contributed substantially to the imports.

“The figures across essential and strategic sectors like electronics, pharmaceuticals, and renewable energy highlight the depth of India . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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