India Trade Deficit

India's trade deficit with China is expected to reach USD 106 billion in 2025 as imports are rising faster than the country's exports to the neighbouring country, think tank GTRI said on Friday. It said that the country's exports to China fell from USD 23 billion in 2021 to USD 15.2 billion in 2022, stayed low at USD 14.5 billion in 2023, and then edged up to USD 15.1 billion in 2024. In 2025, exports are estimated to improve to USD 17.5 billion, still well below earlier levels, the Global Trade Research Initiative (GTRI) said in its report. On the other hand, imports from the neighbouring country have climbed much faster - from USD 87.7 billion in 2021 to USD 102.6 billion in 2022, USD 91.8 billion in 2023 and USD 109.6 billion in 2024. This calendar year, the country's inbound shipments are estimated at USD 123.5 billion. "This has pushed India's trade deficit (difference between imports and exports) with China from USD 64.7 billion in 2021 to USD 94.5 billion in 2024, and an ..

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India's exports grew by 6.74 per cent to USD 36.38 billion in September despite global headwinds. Imports jumped 16.6 per cent to USD 68.53 billion. The country's trade deficit stood at USD 32.1 billion during the month. Imports surged due to the increase in imports of gold, silver, fertiliser and electronics. In April-September this fiscal, exports increased by 3.02 per cent to USD 220.12 billion. Imports rose 4.53 per cent to USD 375.11 billion, the commerce ministry data showed.

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For the April-June quarter of the financial year 2025-26, exports rose 1.92 per cent to $112.17 billion, while imports increased 4.24 per cent to $179.44 billion

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Taiwan can help India reduce its import of electronic components from China and the best way to expand the economic engagement would be to firm up a free trade pact, Taiwanese deputy national security adviser Hsu Szu-Chien said on Thursday. In an exclusive interview to PTI, Hsu said a trade deal will pave the way for greater investment in India by Taiwanese companies in the semiconductor and other high-technology sectors as it will help to bring down the "high tariff" regime. The Taiwanese deputy national security adviser was in the national capital primarily to participate in the Raisina Dialogue, India's flagship conference on geopolitics. Hsu said there can be a match-making between technology of Taiwan and India's demographic dividends to produce high-end technology components in India that will help New Delhi cut its imports from China. It is learnt that he also held closed-door meetings with his Indian interlocutors on ways to expand the overall India-Taiwan relations. "I th

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