India-China trade rises 34% in FY22 thwarting Centre's self-reliance goals

India’s bilateral trade with China rose by a third in the year to March, throwing a spanner on Prime Minister Narendra Modi’s drive to wean the South Asian nation from relying on its hostile neighbor for cheap imports and promote a thriving domestic industry.
 

Total merchandise trade between India and China rose 34% to $115.83 billion in the 12 months to March 2022, according to data from the Commerce Ministry released to parliament last week. Trade between the two nations so far this year — between April and October — stood at $69.04 billion, according to the ministry.