"Trade deficit with China is a matter of concern. We are discussing the issue with China for greater access for Indian products and services in the Chinese market," Commerce Minister Nirmala Sitharaman said during Question Hour.
The minister said China tops the list of 25 countries with which India has a trade deficit in last three years.
Sitharaman said the government has taken a number of steps to overcome the trade deficit which include New Foreign Trade Policy (2015-20), Merchandise Exports From India Scheme, the Services Exports from India Scheme, Niryat Bandhu Scheme etc.
She said India has exported merchandise and services worth $230.36 billion between December 2016 and May 2017 to various countries.
Of the total exports, in May alone, India has exported merchandise and services valued $37.44 billion, which is 4.40 per cent more than the previous month (April), she said.