India China Trade

Once implemented, India-China border pact could see Indian Army return to patrolling along India's perception of the LAC in Depsang Plains and Demchok

The major commodities in which India has a trade deficit with China include electronic components, computer hardware, telecom instruments, industrial machinery for dairy and organic chemicals, Parliament was informed on Wednesday. Some of the services in which India has a trade deficit with China include construction, telecommunication, computer and information services, maintenance and repair services, Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Lok Sabha. She said the commodities exhibiting trade deficit with China constituted 86.7 per cent of the total trade in 2014-15, which has reduced to 83.8 per cent of the total trade with China in 2021-22. "Similarly, the services exhibiting trade deficit with China contributed 30.3 per cent to the total trade with China in 2014, which has reduced to 18.5 per cent in 2019," she said. Replying to a separate question, she said India has signed 13 Free Trade Agreements (FTAs) with its trading ...

Some global players are pushing for a 50-50 equity structure, pointing out that without such a split, most Chinese firms might not want to share their technology at all

External Affairs Minister S Jaishankar on Thursday said the responsibility for the trade imbalance with China rests squarely on businesses as well, blaming Indian corporates for not developing the right sourcing arrangements. Speaking at the Asia Economic Dialogue here, Jaishankar said the government is doing its bit by bringing in policies like the thrust on Atmanirbhar Bharat and made it clear that the "massive external exposure" puts national security at threat. Terming the challenge posed by the trade imbalance with China as very serious and formidable, the career bureaucrat turned politician said the responsibility here is not just of the government, but it is an equal responsibility of businesses as well. "Indian corporates have not developed the kind of backwards (integration), vendor supplies, components and parts, ingredients and intermediates that should be supporting us," he said. With lots of people, including former RBI Governor Raghuram Rajan, asking India to focus on

WHO issued a detailed document stating that the Indian vaccine against all variant-related Covid-19 diseases was 71% effective, with an efficacy of 90% against Kappa and 65% against Delta

Delhi Chief Minister Arvind Kejriwal on Wednesday slammed the BJP-led Centre for maintaining trade relations with China despite its aggressive stance, and called for its boycott to send out a strong message. Addressing a Republic Day function organised by the Delhi government at Chhatrasal Stadium here, Kejriwal alleged that China is procuring more weapons to use against India with the very money it earns doing trade with us. "A leading newspaper today reported that China has occupied some of our land. This is worrisome for every Indian. Our soldiers are bravely facing China at the border and it is our duty to support them in this fight. "It is our duty to boycott China and send out a strong message," he said at the event. The Chief Minister asked the central government what action it took against China's incursions into Indian territory and allegedly even occupying some of our land. "On one hand China is occupying our land and on the other hand we are increasing our trade with ..

Despite Chinese aggression, India's trade with Beijing has increased and that is not right, Delhi Chief Minister Arvind Kejriwal said in an apparent swipe at the BJP-led Centre. "We are purchasing items like slippers, figurines and mattresses from China. Why can not we manufacture these in India?" he posed while addressing a Republic Day celebration event at Chhatrasal Stadium here. Stressing that all these items can be manufactured in the country, Kejriwal said it will create jobs for youths and give a strong message to China. He claimed that according to reports China has "occupied" some of India's territory which is a cause of worry for every citizen. "Despite Chinese aggression, we have been increasing our trade with them. It increased by 50 per cent. We are making China richer. This is not right," he said. Kejriwal alleges that various state governments are being "harassed". In many states, university vice-chancellors were appointed by elected governments of the states but th

Regulatory and internal market barriers of China are some of the major impediments which impact India's exports to that country, economic think tank Global Trade Research Initiative (GTRI) said on Sunday. "India must take up all market access issues faced by its exporters with China on a priority basis. India may consider applying mirror regulations to imports from China," it said. China uses four significant barriers besides customs duties to regulate imports from countries like India and those barriers include regulatory, internal market, trade defense, and political, it said. "China stifle competitive imports from India through complex regulations," the GTRI said Quality and standards of products cannot be a problem as India exports to over 100 countries, including the US and Europe, GTRI said. Citing an example of the pharma sector, it said India imports 90 per cent of bulk drugs or APIs (active pharma ingredients) from China and allows easy access through a simple registratio

This is the first time the trade deficit has crossed the $100 billion mark

Amid demands for snapping trade ties with China for its transgressions on the border, former Niti Aayog Vice Chairman Arvind Panagariya has opined that cutting trade with Beijing at this juncture would amount to sacrificing India's potential economic growth. Instead, Panagariya suggested that India should try to enter into free trade agreements (FTA) with countries such as the UK and the European Union to expand its trade. "Engaging China in a trade war at this juncture will mean sacrificing a considerable part of our potential growth... purely on economic grounds, it will be unwise to take any action in response to it (transgressions on the border)," the eminent economist told PTI. Indian and Chinese troops clashed along the Line of Actual Control (LAC) in the Tawang sector of Arunachal Pradesh on December 9 and the face-off resulted in "minor injuries to a few personnel from both sides", according to the Indian Army. Panagariya, currently a professor of economics at Columbia ...

In November, media reports emerged showing a $12 billion mismatch in the Indian and Chinese trade figures between January and September

About 58 per cent of Indians have reduced their 'Make in China' purchases due to the geo-political situation while 26 per cent said they found Indian alternatives to be better in price and quality

Days after clashes between Indian and Chinese troops on the Line of Actual Control (LAC), Delhi Chief Minister Arvind Kejriwal on Wednesday asked why doesn't India stop its trade with China. He took to Twitter to pose this question in Hindi. "Why don't we stop our trade with China? Most of the commodities imported from China are manufactured in India. That way, China will get a lesson, and jobs will come up in India," Kejriwal wrote on the micro-blogging site. On Tuesday, Defence Minister Rajnath Singh told Parliament that the Indian Army thwarted an attempt by China's People's Liberation Army (PLA) to "unilaterally" change the status quo at Yangtse area in Tawang in Arunachal Pradesh on December 9.

otal merchandise trade between India and China rose 34% to $115.83 billion in the 12 months to March 2022

India is likely to extend the production-linked incentive (PLI) scheme to domestic toy manufacturers after Chinese toys were found to be "unsafe"

The trade deficit, difference between import and exports, between India and China has touched USD 51.5 billion during April-October this fiscal, Parliament was informed on Friday. The deficit during 2021-22 had jumped to USD 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 to the Rajya Sabha. According to the data, imports during April-October this fiscal stood at USD 60.27 billion, while exports aggregated at USD 8.77 billion. He said that the merchandise exports from India to China have increased from USD 11.93 billion in 2014-15 to USD 21.26 billion in 2021-22, showing an increase of 78.2 per cent over the last six years. Imports from China, on the other hand, have increased from USD 60.41 billion in 2014-15 to USD 94.57 billion in 2021-22. "The trade deficit with China in 2004-05 was USD 1.48 billion, which increased to USD 36.21 billion in 2013-14, an increase of 2,346 per c

Consumer demand for cars in China has been dented by the country's still strict approach to Covid

In October, India's engineering exports to China fell 64 per cent and there has been a fall in demand for cut and polished diamonds as well as gold

Tax authorities suspect a tax evasion of more than Rs 16,000 crore through under-invoicing by businesses from April 2019 to December 2020

TMS Ep297: Elon Musk & Twitter, India's China trade data, markets, FTA

Is Elon Musk rewriting the HR rulebook at Twitter? How reliable is India's China trade data? Will the markets consolidate in this holiday-truncated week? What is a free trade agreement? Answers here