The US remained India's largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at $131.84 billion.India's trade deficit with China widened to $99.2 billion during the same period.India's exports to China contracted 14.5% to $14.25 billion, while imports rose by 11.52% to $113.45 billion.The bilateral trade between India and the US is expected to increase to $500 billion by 2030.