India not gained much from drop in Chinese exports to US: Rabobank
4 years, 5 months ago

India not gained much from drop in Chinese exports to US: Rabobank

Live Mint  

India has not gained much from a drop in China’s share in American imports, despite New Delhi’s close diplomatic relation with Washington and a recent push to boost its own local manufacturing base, a study by Rabobank shows. The South Asian nation saw only a slight increase of its share in shipments to the US last year, according to the Rabobank report, as a trade war with China pushed American companies to diversify their supply chain away from the world’s second-biggest economy. “One of the reasons why India hasn’t benefited more is because the largest shift is found in the computer and electronic products sector,” economists Ralph van Mechelen and Michiel van der Veen wrote in the note. “Vietnam, Mexico and Taiwan are the main beneficiaries of the shift in US imports,” along with a push toward reshoring back to the US, the economists said.

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History of this topic

India’s trade braces for an action-packed 2025
1 day, 7 hours ago

India’s trade braces for an action-packed 2025

Live Mint  

India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. Yet, according to Pralok Gupta, associate professor, Indian Institute of Foreign Trade, which operates under the ministry of commerce and industry, “If US imposes high tariffs on China, India may face collateral …

What India-US trade could look like after Trump takes office
5 days, 21 hours ago

What India-US trade could look like after Trump takes office

Live Mint  

By Manoj Kumar NEW DELHI, Dec 19 - India is preparing for possible trade talks with the United States, aiming for increased investments from U.S. companies and higher exports once President-elect Donald Trump takes office. Here are key commercial issues between the two countries: TRUMP POLICY ON CHINA India seeks to leverage Trump's policy by capitalising on U.S. trade tension …

India’s imports rises to 27%, touches to record high of almost $70 billion
1 week, 1 day ago

India’s imports rises to 27%, touches to record high of almost $70 billion

The Hindu  

India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. This is the third time in four months that India’s import bill has hit a record high, but November’s tally surpasses the last two occasions by a wide …

India should not shy away from Chinese investment: Arvind Panagariya explains why
1 week, 5 days ago

India should not shy away from Chinese investment: Arvind Panagariya explains why

Live Mint  

India should remain open to investments from China like other developed countries like the United States and Germany, with an expectation from a handful of sectors, reported the news agency PTI on Thursday, December 12. The activities from which you want to exclude are relatively few because I don't see other countries restricting Chinese investment in large number of sectors,” …

India faces high exposure to US trade policy shift
2 weeks, 5 days ago

India faces high exposure to US trade policy shift

Deccan Chronicle  

Chennai: India will be one of the key economies that are most exposed to a potential trade policy shift in the US under the new regime. The 2025 trade outlook is clouded by potential US policy shifts, including broader tariffs that could disrupt global value chains and impact key trading partners, said UNCTAD in its global trade update. This 3.3 …

China+1 plan: India’s limited gain
2 weeks, 6 days ago

China+1 plan: India’s limited gain

New Indian Express  

NEW DELHI: Government think tank Niti Aayog has admitted that ‘India has seen limited success so far in capturing the China Plus One strategy. It attributes factors like cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing free trade agreements have played a key role in helping these countries expand their share of exports. The US has raised …

China's supply cut and global disturbances reduces India’s fertilizer imports
3 weeks ago

China's supply cut and global disturbances reduces India’s fertilizer imports

Live Mint  

Chinese supply curbs and global supply chain disruptions have dragged down the production and imports of key fertilizers, casting a cloud over India's crop yields and farmer incomes. “Of the six million tonnes of fertilizers that India imports, China used to supply about two million tonnes. India imported a total of 10.65 million tonnes of phosphatic and potassic fertilizers in …

India-China trade: An alarming $18 billion discrepancy
3 weeks, 6 days ago

India-China trade: An alarming $18 billion discrepancy

Live Mint  

India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices. In 2023, India's merchandise imports from China stood at $99.59 billion, which was 18.2% lower than the $117.68 billion worth of exports reported by China, …

Trump's tariffs will worry India, but wait, there’s more
1 month, 1 week ago

Trump's tariffs will worry India, but wait, there’s more

Live Mint  

The return of Donald Trump to the US presidency has raised fears worldwide of a trade war. This resulted in a trade war with several countries, including China and India, which imposed retaliatory tariffs on US goods. Besides an increase in average tariffs on Indian imports, the number of tariff lines subject to tariffs of 25% or more rose from …

Will US-India thrive under Trump amid 'China factor'? Fareed Zakaria explains
1 month, 1 week ago

Will US-India thrive under Trump amid 'China factor'? Fareed Zakaria explains

India Today  

Veteran journalist and geopolitical expert Fareed Zakaria on Monday expressed optimism about the trajectory of US-India relations under Donald Trump's regime and believed it to be a "golden opportunity" for India to end China's monopoly in manufacturing. Speaking to India Today TV's News Director Rahul Kanwal, Zakaria highlighted Trump's admiration for Prime Minister Narendra Modi and predicted continued strengthening of …

Textiles, auto components and telecom vulnerable to tariff war
1 month, 1 week ago

Textiles, auto components and telecom vulnerable to tariff war

Deccan Chronicle  

Chennai: US, being the largest market for India, probable tariff hikes under the Trump presidency can impact shipments of certain segments, including textiles, chemicals, metal products, and telecom products. Any adverse policy action around tariffs or taxes could affect India's competitiveness against countries like Bangladesh and Vietnam. Any rise in duties could impact the Indian export volumes substantially, which may …

India poised to gain from Trump’s potential tariff hike on China, says report
1 month, 2 weeks ago

India poised to gain from Trump’s potential tariff hike on China, says report

Live Mint  

Following Donald Trump's victory in the U.S. presidential elections, a report from CareEdge suggests that India could benefit from potential shifts in global trade dynamics if Trump moves forward with plans to impose high tariffs on Chinese imports. Such policies aim to reduce the U.S. dependence on Chinese imports, a move that could disrupt established trade channels and prompt companies …

India could benefit from re-orientation of global supply chain away from China after Trump victory: Report
Trending News
1 month, 2 weeks ago

India could benefit from re-orientation of global supply chain away from China after Trump victory: Report

Op India  

After the victory of the Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China says a report from Care Edge As per the report, Trump has proposed imposing high tariffs on imports from China, which could lead to changes in global trade dynamics, creating opportunities for India. It …

India could benefit from re-orientation of global supply chain away from China after Trump's victory
Trending News
1 month, 2 weeks ago

India could benefit from re-orientation of global supply chain away from China after Trump's victory

Op India  

After the victory of the Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China says a report from Care Edge. As per report, Trump has proposed imposing high tariffs on imports from China, which could lead to changes in global trade dynamics, creating opportunities for India. It said …

India-China Border Deal: A Long-Overdue Resolution
2 months ago

India-China Border Deal: A Long-Overdue Resolution

News 18  

Prime Minister Narendra Modi and Chinese Premier Xi Jinping will hold first bilateral talks in five years on Wednesday on the sidelines of the 16th BRICS Summit in Russia. Both countries reached an agreement to resume border patrolling operations along LAC following the disengagement process along the disputed areas.

How India can fix the Chinese imports problem
2 months, 3 weeks ago

How India can fix the Chinese imports problem

Live Mint  

India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. Read this | Mint Primer | China’s stimulus: What it spells for India & the world A growing economy like India’s naturally requires more imports to meet rising consumption and manufacturing demand, with cost …

Weighing in on business as usual with China
3 months ago

Weighing in on business as usual with China

The Hindu  

Recent media pieces have speculated on whether India’s fraught relations with China are headed towards a relative thaw and suggestions are being put forward for a more liberal attitude towards foreign direct investment from that country. The economic commentary Despite this national security situation, the Economic Survey 2024 has favoured India plugging itself into China’s supply chains through Chinese investments …

Is the spike in India’s trade deficit a worry?
3 months ago

Is the spike in India’s trade deficit a worry?

The Hindu  

The story so far: After a positive start to goods exports in the first quarter of 2024-25, there has been a blip in momentum. On the exports front, 18 of India’s top 30 segments recorded growth in July and 19 in August, but the big-ticket sectors like petroleum, and gems and jewellery, have tanked significantly. While gems and jewellery exports …

DC Edit | Global meltdown triggered by US
4 months, 2 weeks ago

DC Edit | Global meltdown triggered by US

Deccan Chronicle  

Economists at Goldman Sachs Group Inc. put the probability of a US recession in the next year to 25 per cent, which is 10 percentage points more than their previous forecast of 15 per cent. Whether it was caused by the stress in the US economy or new advancements in technology, it is bound to affect consumer demand in the …

‘India may gain more from Chinese FDI than import reliance in tapping China plus one strategy’
5 months ago

‘India may gain more from Chinese FDI than import reliance in tapping China plus one strategy’

The Hindu  

Chief Economic Advisor V. Anantha Nageswaran has suggested that India may stand to gain more by “replacing some well-chosen imports with investments from China” thus helping both boost Indian manufacturing and plugging India into the global supply chain as it looks to tap advanced economies’ push to diversify beyond China through a China plus one sourcing approach. Writing in a …

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions
6 months, 1 week ago

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions

Hindustan Times  

Escalating tensions with China are said to have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, the Economic Times reported. In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion export opportunity besides $2 billion in value addition loss, according …

India's Toy Import Curbs Yield Success, Exports Stagnate
7 months, 1 week ago

India's Toy Import Curbs Yield Success, Exports Stagnate

Deccan Chronicle  

Chennai: The government measures to curb the inflow of substandard products have successfully reduced toy imports. India's toy imports decreased drastically from $304.1 million in FY2019 to US$ 64.9 million in FY2024. Further, the share of imports from China dropped from 87 per cent of India's total toy imports in FY2019 to 64 per cent in FY2024. While the curbs …

Up 2.3 times in 15 years, India’s Chinese import bill to rise further
7 months, 3 weeks ago

Up 2.3 times in 15 years, India’s Chinese import bill to rise further

The Hindu  

India’s imports from China crossed $101 billion in 2023-24 from about $70 billion in 2018-19, and the country’s share of India’s industrial goods imports has risen from 21% to 30% over 15 years, according to a report by the Global Trade Research Initiative which reckoned that Chinese imports will rise sharply in coming years. Goods imports from China have risen …

India fears losing out to China in smartphone exports race
10 months, 1 week ago

India fears losing out to China in smartphone exports race

The Hindu  

India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must “act fast” to lure global companies with lower tariffs, the deputy IT minister said in government documents seen by Reuters. But lawmakers and lobby groups for Apple and other firms argue India’s high tariffs are a deterrent for companies de-risking …

India-US ties: Beyond fleeting expediencies
10 months, 1 week ago

India-US ties: Beyond fleeting expediencies

Hindustan Times  

As 2024 unfolds, the US and China appear to be dialling down on tensions. Most recently, even as the US, Japan and the ROK held an “informal” trilateral summit during the APEC meeting in San Francisco in November last year, the foreign ministers of the ROK and Japan also met with their Chinese counterparts in Busan later that month. The …

Mexico overtakes China as the leading source of goods imported to US
10 months, 2 weeks ago

Mexico overtakes China as the leading source of goods imported to US

The Hindu  

For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported to the United States. Figures released by the U.S. Commerce Department show that the value of goods imported to the United States from Mexico rose nearly 5% from 2022 to 2023, to more than $475 billion. The last time …

Why India Isn’t the New China
11 months ago

Why India Isn’t the New China

Live Mint  

China’s economy is struggling, but another Asian giant, neighboring India, is suddenly squarely on investors’ and manufacturers’ radar. India’s age-dependency ratio—a measure of the burden of child and elderly care on households—has fallen to 47 in 2022 from 82 in 1967, according to the World Bank. Only a third of India’s female working-age population was in the labor force in …

US companies are finding it hard to avoid China
1 year ago

US companies are finding it hard to avoid China

Live Mint  

HONG KONG—American companies, under heavy pressure to reduce their exposure to China, are increasingly turning to factories in places such as Vietnam, Indonesia and Mexico. Direct U.S. investment into China hit a 20-year low of $8.2 billion last year, according to Rhodium Group, a New York-based research firm. Research by DBS shows that China has significantly increased the amount of …

What is driving Walmart’s shift from China towards India for imports?
1 year ago

What is driving Walmart’s shift from China towards India for imports?

Live Mint  

In a bid to shift its reliance from the Chinese supply chains, multinational retail corporation Walmart is shifting its focus towards India. The report highlights how the cost factors and growing geopolitical tensions are encouraging Walmart to shift its supply chains from China to India, Thailand, and Vietnam. I can't be reliant on any one supplier or geography for my …

Walmart cutting imports from China and shifting towards India: Report
1 year ago

Walmart cutting imports from China and shifting towards India: Report

Op India  

The world’s largest retailer, Walmart, is increasingly turning towards India for imports while reducing its dependence on China. As per a Reuters report, the data from Import Yeti revealed that between January 2023 and August 2023, 25 per cent of US imports were from India. In May 2023, Walmart’s Chief Executive Officer Doug McMillon met India’s Prime Minister Narendra Modi …

Trade deficit eases as imports plunge
1 year, 2 months ago

Trade deficit eases as imports plunge

Live Mint  

India’s trade deficit narrowed in September as imports plunged and exports continued to slide amid slowing demand in the West and China. Goods exports slipped marginally by 2.59% to $34.47 billion compared to $35.39 billion in September 2022, while imports fell a steeper 15% to $53.84 billion against $63.37 billion a year earlier. “India’s merchandise trade deficit compressed considerably to …

India’s manufacturers cash in as brands seek refuge from US-China tensions
1 year, 3 months ago

India’s manufacturers cash in as brands seek refuge from US-China tensions

Al Jazeera  

Indian firms are capitalising on a push by leading brands to diversify their suppliers away from China. Dixon is among the many Indian firms capitalising on Prime Minister Narendra Modi’s bid to boost manufacturing in the country as global brands look to diversify their suppliers away from China amid political uncertainty and tensions between Washington and Beijing. “There’s a lot …

Boosting exports challenging, not impossible
1 year, 4 months ago

Boosting exports challenging, not impossible

China Daily  

Containers await shipping at a port in Xiamen, Fujian province. The share of China's foreign trade in the global market increased even during the COVID-19 pandemic thanks to its successful prevention and control policy and rapid production recovery. Moreover, given the growing demand for talents in cross-border livestreaming and cross-border e-commerce operations due to the increasing use of cross-border livestreaming …

Boosting exports challenging, not impossible
1 year, 4 months ago

Boosting exports challenging, not impossible

China Daily  

Containers await shipping at a port in Xiamen, Fujian province. The share of China's foreign trade in the global market increased even during the COVID-19 pandemic thanks to its successful prevention and control policy and rapid production recovery. Moreover, given the growing demand for talents in cross-border livestreaming and cross-border e-commerce operations due to the increasing use of cross-border livestreaming …

Downhill driving: The Hindu Editorial on India’s overall trend of exports
1 year, 5 months ago

Downhill driving: The Hindu Editorial on India’s overall trend of exports

The Hindu  

After hitting a record $775 billion in 2022-23, India’s exports are off to a rocky start this year. While this implies the goods trade deficit may not widen as it had last year, it does not augur well for domestic growth impulses that form India’s key armour against the gathering global slowdown. Frail global demand may not just impact trade …

India’s H1 trade with China declines amid slowdown
1 year, 5 months ago

India’s H1 trade with China declines amid slowdown

The Hindu  

India’s trade with China declined in the first half of 2023 after more than two years of record growth, part of a broader slump in China’s trade performance that has underlined a sharp slowdown in the world’s second-largest economy Two-way trade reached $66.02 billion in the first half, data from China’s General Administration of Customs showed on Thursday. India’s imports …

Business Matters | How does the China-U.S. chip war affect India?
1 year, 5 months ago

Business Matters | How does the China-U.S. chip war affect India?

The Hindu  

In an escalating trade war with the West, particularly the U.S., China brought in export curbs on two metals used in the manufacture of semiconductors and solar panels — germanium, gallium. It’s interesting that media reports have referred to the two metals in the same breath as rare earth elements. China’s recent export curbs on its germanium and gallium output …

India’s Jan.-April imports from China rise 4.6% to $37.86 billion
1 year, 6 months ago

India’s Jan.-April imports from China rise 4.6% to $37.86 billion

The Hindu  

India’s imports of Chinese goods have continued to rise in 2023, growing 4.6% in the first four months of the year to cross $37.86 billion. Two-way trade climbed 4.5% from the year-earlier period to reach $44.34 billion at the end of April, data from China’s General Administration of Customs showed. In the first four months of the year, China’s trade …

India's Import Of Mobile Phones, Laptops And PCs From China Declined in FY 2022-23
1 year, 7 months ago

India's Import Of Mobile Phones, Laptops And PCs From China Declined in FY 2022-23

ABP News  

India's imports of electronic goods such as laptops, personal computers, integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI. However, import of lithium-ion batteries surged about 96 per cent to $2.2 billion last fiscal year, it said adding the adoption of electric vehicles may increase such imports steeply. Secondly, India's …

India-US Trade Camaraderie Stronger Than Before Amid Persistent Chinese Deficit Pinch
1 year, 8 months ago

India-US Trade Camaraderie Stronger Than Before Amid Persistent Chinese Deficit Pinch

News 18  

The United States has emerged as India’s top trade partner for the second consecutive year, tying up China to the second rank. Strategic and foreign trade experts see the trade numbers as a small but significant move towards decreasing India’s reliance on Chinese imports; a move they feel was urgently required given New Delhi’s overdependence on Chinese imports, its persistent …

Goods exports grew 6% , imports 16.5% this fiscal
1 year, 8 months ago

Goods exports grew 6% , imports 16.5% this fiscal

The Hindu  

India’s goods exports declined for the second successive month in March, falling a sharp 13.9% to $38.38 billion while imports dipped 7.9% to $58.11 billion. “Despite the global headwinds, we have surpassed our 2022-23 target of $750 billion dollars to hit $770.18 billion, which is $94 billion higher than last year’s record exports,” Commerce Secretary Sunil Barthwal said, using services …

India failed to create positive impression among businesses moving away from China, says House panel report
1 year, 9 months ago

India failed to create positive impression among businesses moving away from China, says House panel report

The Hindu  

Despite resources, India has not been able to create a positive impression among businesses moving away from China, a parliamentary panel on commerce has said in its report tabled in the Rajya Sabha on Friday. The report stated that India has not been able to take advantage of the “China Plus One Strategy,” through which multinationals shifted manufacturing and production …

India's focus should be on reducing dependence on China: NITI Aayog as import increases by 21.7%
1 year, 10 months ago

India's focus should be on reducing dependence on China: NITI Aayog as import increases by 21.7%

India TV News  

As India's import to China has increased by more than 21%, the apex public policy think tank of the Government of India, opined that New Delhi should not only focus on reducing overall trade with Beijing but it should be on reducing New Delhi's dependence on Beijing for certain critical inputs. Speaking to the news agency PTI, National Institution for …

Major step up for Apple’s Make in India plan as Indian supplier starts making AirPod parts for export
1 year, 10 months ago

Major step up for Apple’s Make in India plan as Indian supplier starts making AirPod parts for export

Firstpost  

In a major development that is only going to bolster Apple’s Make in India plan, Apple’s Indian supplier Jabil Circuits will now start manufacturing components that go into the making of the latest AirPods and AirPods Pro and also start exporting them to other countries where wearables are assembled. Given how Apple has been trying to expand its China Plus …

India plans measures to curb Chinese imports as trade gap concerns mount: Report
1 year, 10 months ago

India plans measures to curb Chinese imports as trade gap concerns mount: Report

Live Mint  

India is considering a number of tariffs and non-tariff steps to cut imports of non-essential consumer and electronic goods, including from China, as trade imbalances concern policymakers, two government officials and an industry source said. As many as 18 key government ministries, led by the federal trade ministry, met last week to firm up steps first aimed at cutting imports …

Data | From 5% to 15%, China’s share in India’s imports tripled in last two decades
1 year, 10 months ago

Data | From 5% to 15%, China’s share in India’s imports tripled in last two decades

The Hindu  

In 2022, India’s imports from China touched a record high, while exports to China fell to a five-year low. Its share in total exports has decreased from about 7% in 2020 to 3.4% in 2022, a level last seen in 2016 Most exported items The chart shows the 20 most exported goods by India to China in the past three …

Apple targets raising India production share to up to 25%: Goyal
1 year, 11 months ago

Apple targets raising India production share to up to 25%: Goyal

The Hindu  

Apple Inc. wants India to account for up to 25% of its production from about 5%-7% now, the trade Minister told a conference on Monday, as the iPhone maker continues to move its manufacturing away from China. "Apple, another success story," Piyush Goyal said, pitching India as a competitive manufacturing destination. Cupertino, California-based Apple has bet big on India since …

Chinese import surge hits at ‘Make in India’
1 year, 11 months ago

Chinese import surge hits at ‘Make in India’

Hindustan Times  

The government is alarmed by a surge in imports of Chinese finished goods such as electrical machinery, furniture, medical instruments, and implements, including kitchen cutlery, spoon and forks worth billions of dollars, which negates its strategy of Aatmanirbhar Bharat initiative, two officials aware of the development said. While imports of raw materials and intermediaries from China are “good imports” as …

Amid slowing demand, exports dip by 12.2%; imports contracts 3.5%
1 year, 11 months ago

Amid slowing demand, exports dip by 12.2%; imports contracts 3.5%

The Hindu  

India exported goods worth $34.48 billion in December 2022, constituting a 7.75% rise from November’s $32 billion figure but a steep 12.2% dip from a year ago, amid slowing global demand. Consequently, the country’s merchandise trade deficit inched up from just under $24 billion in November to $24.24 billion in December, remaining under the $25 billion mark for the second …

India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion
1 year, 11 months ago

India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion

The Hindu  

January 13, 2023 11:00 am | Updated 11:54 am IST - Beijing India’s bilateral trade with China reached a record $135.98 billion in 2022, Chinese Customs data showed on January 13, 2023, driven by surging Indian imports of Chinese goods that were up by more than 21% last year. India’s exports to China, however, fell in 2022, driving an already …

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