India China Trade Deficit

NITI Aayog has initiated a study to develop a comprehensive action plan to bridge India's trade deficit with China over time and align trading strategies with emerging geopolitical situation and potential risks to safeguard supply chains.

At a session with Chinese and US trade ministers, Union Minister Piyush Goyal on Friday said India did not join China-led RCEP as its trade deficit would have widened and New Delhi's "heart" is with Washington, hinting at a trade surplus with the US.

The total India-China trade for 2022 has climbed to $135.98 billion, overtaking the 1$25 billion mark a year earlier by registering an 8.4 per cent increase, according to the annual Chinese customs data.

The deficit during 2021-22 had jumped to $73.31 billion as compared to 44.03 billion in 2020-21, according to the data provided by commerce and industry minister Piyush Goyal in a written reply.

In 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21

Trade deficit with China has come down to $44 billion in 2021 from $48 billion in 2014-15, said Commerce minister Piyush Goyal

Congress leader Rahul Gandhi on Friday accused the Centre of "doublespeak" over the reports of an increase in trade deficit with China and dubbed the "made in India'' slogan as "jumla" (rhetoric).

India is one of China's leading trade partners in Asia and has a huge trade deficit with that country.

China on Thursday assured India that it is taking a "series of measures" to address India's concern over the mounting trade deficit which last year climbed to USD 56.8 billion, constituting 60 per cent of the total bilateral trade.

China's exports to India increased by 2.1 per cent last year totalling to 515.63 billion yuan while India's imports to China decreased by 0.2 per cent.

After opening on a positive note, the rupee traded flat for a better part of the session before slipping into a negative territory. It finally settled at 71.74, registering a loss of 3 paise over its previous close. The domestic currency overlooked a host of encouraging factors including positive new on the US-China trade deal front, the government...

External Affairs Minister S Jaishankar today criticized China for what he described as one-sided trade policies, casting doubt over the progress of negotiations for a pan-Asian free trade agreement.

China on Monday promised to address India's growing concerns over the ballooning trade deficit and suggested expanding cooperation in areas like industrial production, tourism and border trade to achieve "overall balance" in bilateral commercial relations.

India on Wednesday expressed concern over widening trade deficit with China which has ballooned to over USD 58 billion, with the country's new envoy in Beijing saying that addressing the issue would be his top priority.

The trade deficit in 2018, according to Chinese official data, climbed to $57.86 billion from $51.72 billion in 2017 in about $95.54 total bilateral trade.

NITI Aayog has initiated a study to develop a comprehensive action plan to bridge India's trade deficit with China over time and align trading strategies with emerging geopolitical situation and potential risks to safeguard supply chains.

At a session with Chinese and US trade ministers, Union Minister Piyush Goyal on Friday said India did not join China-led RCEP as its trade deficit would have widened and New Delhi's "heart" is with Washington, hinting at a trade surplus with the US.

The total India-China trade for 2022 has climbed to $135.98 billion, overtaking the 1$25 billion mark a year earlier by registering an 8.4 per cent increase, according to the annual Chinese customs data.

The deficit during 2021-22 had jumped to $73.31 billion as compared to 44.03 billion in 2020-21, according to the data provided by commerce and industry minister Piyush Goyal in a written reply.

In 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21

Trade deficit with China has come down to $44 billion in 2021 from $48 billion in 2014-15, said Commerce minister Piyush Goyal

Congress leader Rahul Gandhi on Friday accused the Centre of "doublespeak" over the reports of an increase in trade deficit with China and dubbed the "made in India'' slogan as "jumla" (rhetoric).

India is one of China's leading trade partners in Asia and has a huge trade deficit with that country.

China on Thursday assured India that it is taking a "series of measures" to address India's concern over the mounting trade deficit which last year climbed to USD 56.8 billion, constituting 60 per cent of the total bilateral trade.

China's exports to India increased by 2.1 per cent last year totalling to 515.63 billion yuan while India's imports to China decreased by 0.2 per cent.

After opening on a positive note, the rupee traded flat for a better part of the session before slipping into a negative territory. It finally settled at 71.74, registering a loss of 3 paise over its previous close. The domestic currency overlooked a host of encouraging factors including positive new on the US-China trade deal front, the government...

External Affairs Minister S Jaishankar today criticized China for what he described as one-sided trade policies, casting doubt over the progress of negotiations for a pan-Asian free trade agreement.

China on Monday promised to address India's growing concerns over the ballooning trade deficit and suggested expanding cooperation in areas like industrial production, tourism and border trade to achieve "overall balance" in bilateral commercial relations.

India on Wednesday expressed concern over widening trade deficit with China which has ballooned to over USD 58 billion, with the country's new envoy in Beijing saying that addressing the issue would be his top priority.

The trade deficit in 2018, according to Chinese official data, climbed to $57.86 billion from $51.72 billion in 2017 in about $95.54 total bilateral trade.