Answer: China
Notes: According to the Global Trade Research Initiative (GTRI) report, China overtakes the US as India’s primary trading partner, reaching $118.4 billion in bilateral trade in FY 24. India's reliance on China is evident, particularly in critical sectors like telecom, smartphones, and pharmaceuticals. Telecom and smartphone parts constitute 44% of imports, with China supplying 75% of lithium-ion batteries for EVs. This shift highlights China's increasing economic influence on India and underscores the need for diversified trade strategies.
