India Economy Thread

[Beijingwalker]

If the Iran war continues, India is poised to overtake United States as the world’s largest exporter of refined petroleum products.
With oil supplies from the Gulf disrupted and global demand still strong, India’s massive refining capacity is the only option world has.
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China is the world leader in refining capacity, but as the world sole manufacturing powerhouse, China consumes way more petrol than other countries, when India reached a higher level of development, it would also consume more, China used to be a net oil exporter 30 years ago before it became the world biggest importer due to rapid development.

 

[indo17787]

 

[冖_冖]

India’s trade deficit with China crosses $100 billion in 2026

India’s 2026 trade deficit with China tops $100 billion despite a 40% exports surge, with rising imports and widening bilateral imbalances.

www.thehindu.com

India’s trade deficit with Chinacrosses $100 billion in 2026
October 14, 2026 12:01 pm IST

India’s exports to China grew 40% in the first three quarters to $20 billion, although thetrade deficit with China has continued to widen, already crossing $100 billion this year,according to data released Wednesday by China’s General Administration of Customs(GAC).

Two-way trade between January and September was up 25.4% to $144.45 billion, whileIndia’s imports from China continued to rise, up 23.3% to $125.19 billion. Indian exportsto China registered a robust 40.7% growth, albeit from a much smaller base, to $19.26billion after the first three quarters, already reaching last year’s total.

The trade deficit stood at $105.93 billion and is on track to surpass last year’s recordfigure. In 2025, the tradedeficit grew to $116.12 billion and is set to be surpassed yet again this year.

 

[Beijingwalker]

India’s massive refining capacity is the only option world has.

Only 5% of the global refining capacity is by no means the ONLY option world has