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Trade with US, China: PHDCCI calls for mass production of commodities

In the fiscal year 2021-22, the US was India's largest trade partner, followed by China

Photo: Bloomberg

The US was India’s largest export market during the last fiscal, while China was India’s largest import destination. (Photo: Bloomberg)

Shreya Nandi New Delhi
India should focus on mass production of commodities in which it has a comparative advantage over its top-two trading partners — the US and China — the PHD Chamber of Commerce and Industry (PHDCCI) said in a report.

According to the industry body, India has a lot of potential to export pharmaceuticals, electrical machinery and equipment, nuclear reactors and boilers and plastic items to the two countries during the pandemic.

“As a result, the US and China should import most of these commodities from India rather than other countries.It would necessitate more support and guidance from the government, focusing on

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First Published: Aug 19 2022 | 7:31 PM IST

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