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India's trade deficit with China rises to $53 bn

Commerce Minister Nirmala Sitharaman said any trade restrictions imposed on China need to be WTO compliant

IANS  |  New Delhi 

India's trade deficit with China rose to $52.69 billion in 2015-16, from $48.48 billion in the year before, Parliament was informed on Monday. Commerce Minister Nirmala Sitharaman told the Lok Sabha in a written reply that during the April-September period of the current fiscal, the deficit stood at $25.22 billion. "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. She also said that as ...

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