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Lockdown, steel output restrictions hit exports to China, shows data

The exports basket is largely dominated by steel, iron ore, copper, paper products, plastics, organic chemicals, among others

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The tepid growth in exports to China was triggered by factors such as lockdowns in the neighbouring country to check the spread of the Omicron variant of Covid-19 in the last four months of FY22, Chinese restrictions on steel manufacturing, and a slu

Shreya Nandi New Delhi
Though robust external demand resulted in a 45 per cent jump in India’s goods exports in financial year 2021-22 (FY22), imports by China were nearly flat for a host of reasons, including the lockdowns imposed in the neighbouring country to check the spread of the Omicron variant.

In FY22, India exported goods worth $21.25 billion to China, up 0.31 per cent year-on-year (YoY), but China’s share in Indian exports declined to five per cent in FY22, a reversal of the recent trend of steady rise since FY17, and much lower than the 7.3 per cent share in FY21, according to

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First Published: May 31 2022 | 6:10 AM IST

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