China beat US to become India's largest trading partner in 2025-26, with the India-China bilateral trade reaching $151.1 billion, government data showed. US had occupied the spot for four consecutive years. India's exports to China rose 36.66% to $19.47 billion, and imports also increased 16% to $131.63 billion, with the India-China trade deficit hitting a record high of $112.6 billion.