India’s growing trade imbalance with China: Can Budget 2025 provide a solution?

Union Budget 2025: In 2024, India and China de-escalated border tensions. However, India remains reliant on Chinese imports, with a significant trade deficit. Experts suggest that the Union Budget 2025 may include strategies like boosting R&D, expanding the PLI scheme, and focusing on diversifying supply chains to reduce dependency on Chinese imports.