Home Business Trade deficit with China at $46.7 billion in April-February

Trade deficit with China at $46.7 billion in April-February


India’s trade deficit with China was recorded at 46.7 billion US dollars during the April-February period of the last fiscal. Commerce and Industry Minister Nirmala Sitharaman informed Rajya Sabha that overall trade with China during the 11-month period decreased marginally by 0.87 per cent to 64.57 billion US dollars.

She said in a written reply that during this period, India’s exports to China grew by 8.69 per cent to 8.94 billion US dollars while imports from the neighbouring nation declined by 2.26 per cent to 55.63 billion US dollars, resulting in a shrinkage of 4.1 per cent in India’s trade deficit with China.

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