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...
the transaction is calculated exclusively as a Chinese export, which indirectly contributes to the growing Indian trade deficit with China. According to research findings, more than 60 percent of China’s foreign trade is s...
Economic Trends between India and China Promising Trends. It is difficult not to be impressed by the exponential growth of India's trade with China since the late 1990s. India and China resumed trade, which had come to a halt after the 1962 war in 1978 and signed a Most Favored Nation Ag...
India recorded a trade deficit of $21.54 billion in March of 2025, widening from the $15.6 billion gap in the corresponding period of the previous year. Imports surged by 11.4% annually to $63.51 billion, the highest ever for the month, despite the relatively low price of fuel that makes ...
Economic Imbalances and Trade Deficit: India’s trade deficit with China touched USD 85 billion in 2023-24, up from USD 83.2 billion in 2022-23. Chinese dominance in critical imports like APIs, electronics, and solar panels affects India’s trade leverage. This structural imbalance reflects India...
Although non-oil trade deficit remained stable, there was a shift in its composition, with a plunge in gold imports being offset by a rise in non-oil non-gold imports such as coal and chemicals, Nayar said. ■NewsChinaBizCulture&LifestyleWorldSportsIn-depth RegionsAsia&PacificEuropeMiddle East...
However, in the short term, this does provide a good window for India to benefit with the possibility of replacing Chinese exports to the US in some of the sectors. “With the US trying to reduce its trade deficit with China by increasing duties on Chinese products, this h...
"It's going to be a boxing match," he said. "India is willing to take a few hits, but there's a limit." The U.S. has a $45.6 billion trade deficit with India. Overall, the U.S. trade-weighted average tariff rate has been about 2.2%, according to World Trade Organization ...
Currently, India’s trade deficit with ASEAN is at about US$24 billion.Obstacles to increased ASEAN-India trade include significant non-tariff barriers in India and several ASEAN markets, as well as incongruence between ASEAN goods and India’s supply chain. India’s Commerce and Industry ...