Boom or skewed spike? India’s exports to China jump 90% – but why there is little reason to cheer

India’s exports to China saw a significant 90% surge in November, reaching $2.2 billion, primarily driven by naphtha and specific electronics. However, this spike masks underlying volatility and a growing import dependence on China. The trade deficit with China is widening, raising concerns about India’s export strategy and reliance on Chinese goods.