India-China trade grows to record $125 billion in 2021 despite tensions3Photo© financialexpress.com

India-China trade grows to record $125 billion in 2021 despite tensions

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The India-China bilateral trade touched a record high of over USD 125 billion in 2021, crossing the USD 100 billion-mark in a year when the relations hit a new low due to the prolonged standoff by the militaries in eastern Ladakh, while India's trade deficit too mounted to over USD 69 billion, according to official data released on Friday.

The total trade between China and India in 2021 stood at USD 125.66 billion, up 43.3 per cent from 2020, state-run Global Times reported, quoting data from the General Administration of Customs.

China's exports to India from January to December rose 46.2 per cent to USD 97.52 billion, while India's exports to China grew by 34.2 per cent to USD 28.14 billion.