Trade data from China, India shows gaping hole of $12 billion: Report

India-China trade: Under-invoicing of shipments by Indian importers is believed to be the main reason behind the gap in figures

Trade figures from India and China left experts perplexed with a mismatch of $12 billion. According to China's data, its trade with India touched $103 billion in the first 9 months of 2022. On the other hand, according to India's data, the bilateral trade stood at $91 billion, according to a report in Mint.

Under-invoicing of shipments by Indian importers is believed to be the main reason behind the gap in figures. Underreporting is often done to evade taxes. The latest figures reveal that despite government's monitoring, the gap is higher than usually anticipated.  

"To reap maximum benefits, traders manipulate the