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China tops India's trade deficit list of 25 countries in 3 yrs: Sitharaman

Other countries with which India has trade deficit are Switzerland, Saudi Arabia, Indonesia, S Korea

Press Trust of India  |  New Delhi 

Nirmala Sitharaman, Minister of state for commerce and industry
Nirmala Sitharaman

India's with is a matter of concern and the is working for greater access of Indian goods and services into the Chinese market, was informed on Monday.

"with is a matter of concern. We are discussing the issue with for greater access for Indian products and services in the Chinese market," Commerce Minister said during

Sitharaman said even Prime Minister Modi has raised the issue with the Chinese authorities at the highest level and the was working to reduce the with China.

The minister said China tops the list of 25 countries with which has a trade deficit in last three years.

The other countries with which has trade deficit include Switzerland, Saudi Arabia, Indonesia and

Among the countries with which has favourable trade balance include the United States, United Arab Emirates, Bangladesh, the besides others.

Sitharaman said the 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.

First Published: Mon, July 24 2017. 13:57 IST