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India exports to China revives, up by 41% in Jan-Aug period

However, the trade deficit expanded to $44.51 bn in the first 7 months despite surge in Indian exports as imports from China continue to increase

Press Trust of India  |  Beijing 

India exports to China revives, up by 41% in Jan-Aug period

India's to China, which have been showing signs of revival this year after years of slump, registered a 40.69 per cent rise year-on-year to reach $10.60 billion in the first seven months of 2017.

Fired by of zinc, and steel, total Indian to registered a 38.6 per cent increase year-on-year in August this year totalling to $1.26 billion, the sharpest increase this year.


However, the deficit expanded to $44.51 billion in the first seven months despite surge in Indian as from continue to increase.

The India-bilateral increased 18.34 per cent year-on-year to reach $55.11 billion from January to August this year, according to official data accessed by PTI here.

India's to increased by 40.69 per cent year-on-year to reach $10.60 billion during the seven months.

India's from saw a year-on-year growth of 14.02 per cent to reach $44.50 billion.

The cause for surge of Indian to was a result of exponential increase of 353.99 per cent of of and related items, 248.19 per cent of iron and and 100.7 per cent increase in ores and slag and 151.17 per cent rise in

India was the second largest exporter of to totalling to $1.63 billion with a market share of 32.97 per cent after

India was the second largest exporter of salt, sulphur, earths and stone, plastering materials, lime, and cement to totalling to $692 million with 17.39 per cent market share after Turkey.

India's cotton exports, including and woven fabric, to showed a growth of 6.77 per cent to reach $844 million.

The country was the third largest exporter of cotton to after Vietnam and the US accounting for 15.05 per cent share in the Chinese market.

India-bilateral increased by 14.93 per cent year-on-year in August to reach $7.51 billion.

Despite the increase in Indian to China, Indian business and circles associated with bilateral however advise caution as it is mostly led by and which started declining in 2013 due to a domestic crackdown on mines as well as scaling down its production due to the global economic crisis.

The deficit began expanding ever since exports, the mainstay of Indian started declining.

Last year, the deficit climbed to $52 billion.

India has been pressing to open up its pharmaceutical and IT software sectors to expand the base of Indian

So far, there has been no major breakthrough in both areas, despite promises by

First Published: Fri, October 06 2017. 18:18 IST
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