Piyush Goyal calls China rare earth curbs a global warning, highlights India’s supply chain push.

“Wake-up call for the world”: Piyush Goyal slams China’s rare earth curbs

The trade between India and China has crossed USD 100 billion for the second year, says the data released by Chinese customs. The total bilateral trade, amidst the military standoff in eastern Ladakh, went up to USD 103.

Trade between India and China crosses USD 100 billion mark

Due to the lengthy standoff between the forces in eastern Ladakh, 2021 was a year in which India-China relations reached a new low. Regardless of the disputes and military standoffs, bilateral trade between India and China reached a new high of over $125 billion in 2021, surpassing the $100 billion mark in a year, while India's trade deficit grew to over $69 billion.

Despite border tensions, boycotts and bans, India-China trade grew to record $125 billion in 2021

The government on Monday said India's near-term macroeconomic outlook is vulnerable to disruption of trade with China due to the coronavirus outbreak but the latest data do not suggest any adverse impact on the economy, and sliding crude oil prices may be a silver lining.

Indian macroeconomic outlook vulnerable to disruption of trade with China: FinMin on coronavirus