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India brings down trade deficit with China by $10 billion in 2019

Sources said India's exports to China rose to $17 billion during the year from $13 billion during 2017-18, while imports declined to $70 billion from $76 billion

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India china trade

Indivjal Dhasmana  |  New Delhi 

India has managed to bring down its trade deficit with China by $10 billion to $53 billion in 2018-19 year on year, thanks to efforts by New Delhi to get greater market access to the latter's markets and take benefit out of the current Washington-Beijing trade war. Sources said India's exports to China rose to $17 billion during the year from $13 billion during 2017-18, while imports declined to $70 billion from $76 billion.

India is the seventh largest export destination of China, while China is the fourth largest export destination of India. On the other hand, China is ...

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First Published: Thu, April 11 2019. 22:44 IST
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