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

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 the