Currently, India meets only 3.3 per cent or USD 2.7 billion of the total annual import demands of USD 82 billion for these 20 products in China
The government should consider banning imports of equipment related to power generation and telecom from China, the Indian Electrical & Electronic Manufacturers' Association (IEEMA) said on Friday. "Government should look into this issue of increasing Chinese electrical equipment imports. We would like the Chinese equipment not to come in the powersector. It is detrimental to the interests of the country," Director General of IEEMA Sunil Misra told reporters here. Misra warned that the dependence on China for equipment belonging to this critical sector may lead to a "dangerous" situation for India as their servicing and spare parts are unlikely to be available in case there is a conflict of an economic standoff with China. He said that cheaper Chinese imports in the heavy industries segment, including electrical equipment, have led to under-utilisation of the domestic capacity in the capital goods sector. Electrical equipment imports from China continued to increase
Tighter border controls in China have hurt a black market meat trade that's normally worth about $2 billion a year
The India-China border dispute covers 3,488-km-long Line of Actual Control (LAC). China claims Arunachal Pradesh as part of southern Tibet while India contests it.
China organised its first import expo last year amid growing protests from a number of countries, including India and the US, complaining of unmanageable trade deficits.
The first outcome of these five summits is likely to be a gradual, growing mutual respect between two strong leaders who are strong not just in personality but in action too
China's working-age population is receding, as the share of persons aged between 15 and 64 has started falling in recent years
Trade ministers from 16 Asia-Pacific countries this week hailed a "critical milestone" after seven years of talks and vowed to wind them up before a regional summit in November
In 2018-19, India's trade deficit with China stood at $50.2 billion
The Free Trade Agreements inked with ASEAN nations and low import duty of 2.5 per cent on aluminium scrap makes India vulnerable
Sources said India's exports to China rose to $17 billion during the year from $13 billion during 2017-18, while imports declined to $70 billion from $76 billion
Growth in exports to China is beneficial for India as it has a huge trade deficit with the neighbouring country
India is not unique in the wave of Chinese tech acquisitions, but the absence of any robust debate on the implications is rather curious
The two countries agree that they are developing countries who are focused on improving the living standards of about 2.4 billion people
The six-day China International Import Expo will be inaugurated on Monday by Chinese President Xi Jinping
The Indian delegation comprising of top tea business houses visited China to explore the Chinese market and to expand the export base
India had sent its first consignment of 100 tonnes non-basmati rice to China last month
The plan includes seeking duty waiver on a raft of products under the Asia Pacific Trade Agreement
The event was also attended by an official delegation from Madhya Pradesh
After China, maximum probes were started against EU and Korea (65 each)