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India-PRC trade deficit falls from $63.05 bn to $53.57 bn

10
Feb '20
Pic: Shutterstock
Pic: Shutterstock
India’s trade with China decreased from $89.71 billion in 2017-18 to $87.07 billion in 2018-19. Imports from China declined from $76.38 billion in 2017-18 to $70.32 billion in 2018-19 and exports grew from $13.33 billion to $16.75 billion during this same period, according to the Directorate General of Commercial Intelligence and Statistics (DGCIS).

As a result, India’s trade deficit with China reduced from $63.05 billion to $53.57 billion in the above period. However, there are some reports of some goods of Chinese origin coming into India from other countries like Singapore and Hong Kong, on which field formations have been appropriately sensitised, minister of commerce and industry Piyush Goyal told the parliament upper house recently.

Anti-dumping measures are in force on 90 products imported from China, including two pharmaceutical products. Twenty four anti-dumping investigations are under way against imports from China, he informed.

Fibre2Fashion News Desk (DS)


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