Economy

Trade deficit with China soars

PTI New Delhi | Updated on January 20, 2018 Published on March 14, 2016

India’s trade deficit with China increased to $51.86 billion in 2015, Parliament was informed today.

“Increasing trade deficit with China can primarily be attributed to the fact that Chinese exports to India rely strongly on manufactured items meeting the demand of fast-expanding sectors like telecom and power while India’s exports to China are characterised by primary products, raw material and intermediate products,” Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

She said India’s trade deficit with China stood at $51.86 billion, with a bilateral trade of $71.22 billion in 2015.



Published on March 14, 2016
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