In 2018-19, imports came down to $70 bn.
China lost the top position as India’s biggest trade partner to the US by a slim margin in 2018-19. Yet, it remains the biggest import source for India. Imports
from the northern neighbour have been on the wane since 2017-18 when it had peaked to $76 bn.
In 2018-19, it came down to $70 bn. Until February of 2019-20, imports
stood at $62.37 bn and for the entire financial year, it is expected to be less the previous year. India, meanwhile, seeks to boost exports to China.