India's Trade with USA and China – A Subjective Analysis

Abstract

The United States of America (USA) and China are highly advanced and rich nations full of resources and trade potential and also ranked first two highest nations in terms of Gross Domestic Product (GDP). Despite political and diplomatic adversities, India has had a healthy trade relationship with both nations. While India is highly dependent on China for raw materials and product ingredients for its own Industries, China depends on Indian engineering goods and agriculture products. Similarly, India depends upon the USA for its highly advanced electrical and communication items; the USA needs Indian engineering goods, medicine and chemical goods. In this paper, I have tried to analyze India’s trade with these two countries since 2017 and their respective position with India in terms of mutual trade.