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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

Indivjal Dhasmana  |  New Delhi 

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

has managed to bring down its deficit with 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 war.

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

is the seventh largest export destination of China, while is the fourth largest export destination of On the other hand, China is the top import source for India, while the latter is the 25th largest import source for China.

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