After falling in 2020-21, India's trade deficit with China widened in 2021-22 and continues to do so in 2022-23, the Ministry of Commerce data showed. In the financial year 2021-22(FY22), the trade deficit was recorded at $72.9 billion, up nearly $29 billion from FY21's figure of $44 billion. In 2020-21, the trade deficit was recorded at $48.6 billion.
What is widening the trade deficit between India and China?
The trade deficit is the difference between the imports and exports of the country (Here, imports are greater than the exports). When the imports rise, and exports fall, the deficit widens. Also,