India Boosts Exports to China, Offsetting US Tariff Impact

• The Modi government found a solution to US tariffs by increasing exports to China.
• Indian exports to China surged by 67.35% to $2.04 billion in December, driven by electronics and marine products.
• Key export items to China include populated printed circuit boards, flat panel display modules, oil meal, marine products, and spices.
• Despite increased imports from China, India's exports to China grew by 36.7% to $14.24 billion during April-December.
• Exports to the US decreased by 1.83% to $6.88 billion in December due to tariffs, but the China surge compensated for this loss.

Why It Matters: India successfully diversified its export market to China, mitigating losses from US tariffs.