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India's trade deficit with China increases to $53 bn in FY16

Nirmala Sitharaman said that efforts are being made to increase overall exports

Press Trust of India  |  New Delhi 

India's trade deficit with China increased to USD 52.69 billion in 2015-16 from USD 48.48 billion in the previous financial year, Parliament was informed today. During the April-September period of 2016-17, the deficit is at USD 25.22 billion, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha. "Increasing trade deficit with China can be attributed primarily to the fact that Chinese exports to India rely strongly on manufactured items to meet the demand of fast expanding sectors like telecom and power," she said. India is ...

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