Page 13 - India China Trade

Spike in imports, fall in exports widen India's trade deficit with China

In FY22, India's trade deficit with China was recorded at $72.9 billion, up nearly $29 billion from FY21's figure of $44 billion

India-China trade goes up to over $67 bn in first half of 2022

The India-China trade is on course to cross USD 100 billion for the second consecutive year as it has gone up to USD 67.08 billion in the first half of this year amid a big surge of Chinese exports

China's share in India's total imports falls to 15.4% in FY22: Report

The share of Chinese imports in the country's total inbound shipments has declined to 15.4 per cent in 2021-22 from 16.5 per cent in 2020-21, sources said on Thursday. They also said the major items imported from China into India are used for meeting the demand of sectors like telecom and power. Citing some examples, they said imports like Active Pharmaceutical Ingredients (APIs) and drug formulations provide Indian pharma industry raw material for producing finished goods which are also exported. Increase in imports of information and communication technology products and medical and scientific instruments can be attributed to the surge in demand of these products during COVID-19 times. "Moreover, the rising prices of commodities globally have also played a significant role in adding to import value," one of the sources said. Exports to China increased marginally to USD 21.25 billion last fiscal from USD 21.18 billion in 2020-21, while imports rose to USD 94.16 billion from about

Indian influence in South Asia declines as China expands foothold

China's exports to the region grew over five times between 2005 and 2020

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

India, China trade surges to $31 bn in Q1 of 2022 despite bilateral chill

During the 3-month period from January to March, China's exports to India zoomed to USD 27.1 billion

India's Chinese imports slip 7.2% to $65.21 bn in 2020-21; exports up 26%

Imports from China declined 7.2 per cent to USD 65.21 billion in 2020-21 from USD 70.31 billion in 2018-19, Parliament was informed on Friday

Riding out the storm

External shocks and stagflation risks require optimal policy responses

Sea-owned game Free Fire unavailable in India after ban on Chinese apps

Political tensions between India and China escalated in 2020, resulting in the South-Asian country imposing a ban on 59 Chinese apps, including TikTok

India's imports from China rise to $78.88 billion during Jan-Nov 2021

India's exports to China have increased by 24 per cent to $21.54 billion during January-November 2021, while imports jumped to $78.88 billion in the same period

India-China trade grows to record $125 billion in 2021 despite tensions

The India-China bilateral trade touched a record high of over USD 125 billion in 2021, crossing the USD 100 billion-mark in a year when the relations hit a new low due to the prolonged standoff

India questions China's developing country status on per capita basis

According to per capita income level, the Chinese economy belongs to 'upper-middle income' category, argues India

Will India-China relations take a different turn in the coming year?

The two neighbours have not had the best of relations since the Galwan clash in 2020

India-China trade volumes on course to touch record $100 billion-mark

The India-China trade volume looks set to cross the record figure of $100 billion this year as the total has already touched $90 billion in first nine months, despite a chill in bilateral relations

What explains China's sizeable presence in India's import basket

Merchandise imports from the country more than doubled in April YoY

China-India trade on rise despite chill in ties, crosses $57 bn in H1

The China-India bilateral trade in the first half of the year totalled $57.48 billion, up 62.7 per cent year on year, perhaps the highest in recent years amid the Ladakh impasse and the COVID-19

China is India's largest trading partner but New Delhi will not lower guard

It's almost one year since the bitter Galwan valley clash between India and China took place

Indo-China trade deficit hits 7-year low amid Covid-19 pandemic

This is mainly due to robust double-digit growth in exports, coupled with contraction in imports

We must continue to trade with China: Bajaj Auto MD Rajiv Bajaj

Bajaj said goods should be procured from wherever they are most competitively available

Shiv Sena questions Modi govt over thawing in trade ties with China

Citing the provisional data from the Ministry of Commerce and Industry, the Sena said it is a fact that China has returned as the top trade partner of India in 2020