India’s trade deficit with China swells to $51.9 billion in 2015
NEW DELHI: India’s trade deficit with China increased to $51.86 billion in 2015, Parliament was informed on Monday.
“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 characterized 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. During this period, India’s exports to China came in at $9.68 billion while imports were $61.54 billion.
In a separate reply, she said Indian MSMEs are facing significant competition from Chinese imports.
So far, there have been 322 anti-dumping cases, of which 177 cases involve China
And what happens to Make In India
What happen to Made in India ? The answer is India didn’t build any factory to produce anything.
Indians are just talking. No walks just talks.
Make in India is honest, China is dumping thats illegal….
Raj Mehta (Mehtasaab)
I agree first part, not second one. Why don’t India use Chineses games against china. Indian are very smart.
Dumping???, So why is India accepting the Garbage
Who is importing stuff from China, Congress and its cronies of present govt
Not at all a good news!!!
The only way can reduce the trade deficit is to give India China’s products for free
Stop/Reduce imports from China. This will also give impetus/ encouragemnt to domestic industries as they will have better sales figures.
China is dumping there products in India and destroying our Industry.. don’t Buy goods made in CHINA.. support the local manufacturer..