Trade between India and China has been rising exponentially with a widening trade deficit for India, which has raised alarm by businesses, and some Indian parliamentarians have started accusing China for unfair trade practices. Nevertheless, both countries intend to negotiate for free trade ...
China on Thursday reiterated that it "attaches great importance" to India's concerns over trade imbalance, saying both countries must find new "dynamic" ways to resolve the matter. The assurance came after latest trade figures showed India's trade deficit with China stood at 57 billion...
However, India's trade deficit with China accounts for less than 20% of its total trade deficit. India's main trade deficit comes from imports of other countries' oil, natural gas and coal. In fact, China has not only expanded the total trade deficit of India, but is helping to reduce ...
However, Indian imports from China have surged 56% since the 2020 border clash, nearly doubling New Delhi's trade deficit with Beijing to $85 billion. China remains India's biggest source of goods and was its largest supplier of industrial products last year. ...
India first introduced anti-dumping duties on silk fabrics imported from China for the first time in December 2006. tariff The period of validity is 5 years and terminates in December 2011. In fiscal year 2010-11, India's trade deficit with China reached $16 billion. ...
India still enjoyed a trade surplus of US$1.74 billion versus China. In 2006, however, India’s consistently growing trade deficits with China started. By 2010, the deficit ballooned to US$20.01 billion and to US$43.1...
India has signed a $100bn free trade agreement with a four-member European bloc and will lift most import tariffs on industrial products from these countries
statistics, China's exports to India totaled 58.32 billion U.S. dollars in 2016, a slight increase over 58.25 billion U.S. dollars in 2015. Meanwhile, India's exports to China dropped 12 percent to 11.76 billion dollars last year. This led to India's trade deficit of 46.56 billion ...
s trade deficit.]]>India's trade deficit narrowed to $12.3 bil in July from $17.5 bil a year earlier. Merchandise exports leapt 11.6% annually, helped by gov't incentives to expand markets in Latin America and Africa. Imports fell 6.2%.[ABSTRACT FROM PUBLISHER]Investor's Business Daily...
India's trade deficit with China touched $71.6 billion in the first 10 months of 2022-23, just $1.7 billion short of the record-high of $73.3 billion in 2021-22, according to data shared by India's Commerce Ministry in March. Aparajit Chakraborty is a freelance journalist for China Daily...