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Why India's automobile, pharma sectors are not ready to wean off China

India relies on China for products such as electronic components and drug ingredients because it cannot make them or source them elsewhere as cheap.

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India imported around $70.3 billion of goods from China in the fiscal year to March 2019, and exported just $16.7 billion - its widest trade deficit with any country

Aditi Shah, Neha Arora and Zeba Siddiqui | Reuters New Delhi
Days after a border clash with China this month in which 20 Indian soldiers were killed, New Delhi told firms to find ways to cut imports from China. But two big industries, automobiles and pharmaceuticals, say this is easier said than done.
Like many countries, India relies on China for products such as electronic components and drug ingredients because it cannot make them or source them elsewhere as cheaply, company and industry figures say.
Thus any moves to curb imports or make them costlier without developing alternatives will hurt local businesses.
"We don't import because we like to, but because we have no

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First Published: Jun 26 2020 | 8:37 AM IST

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