Indian importers outwit China via Dubai route
1 month, 1 week ago

Indian importers outwit China via Dubai route

Live Mint  

New Delhi: Made in China, imported from Dubai. “India should encourage other countries to manufacture machinery and equipment essential for critical infrastructure development," said Arun Kumar Garodia, chairman of Engineering Export Promotion Council, a body under the commerce and industry ministry. “China’s export restrictions expose India’s dependence on foreign suppliers for essential solar components, underscoring the need for stronger supply chain resilience," he noted. In FY24, data from the commerce ministry showed India imported goods worth $101.75 billion from China, primarily comprising raw materials and minerals. China also became India’s largest trading partner in FY24, narrowly surpassing the US, according to Global Trade Research Initiative data.

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History of this topic

India-China trade: An alarming $18 billion discrepancy
3 weeks, 5 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, …

India imports more from China, exports less during Apr-Oct 2024: Govt data
Trending News
1 month, 1 week ago

India imports more from China, exports less during Apr-Oct 2024: Govt data

Firstpost  

During the period, the top 10 import sources of India were China, Russia, the UAE, the US, Iraq, Saudi Arabia, Indonesia, Korea, Switzerland and Singapore, the data showed China was India’s top import source with $65.89 billion, a 9.8 per cent year-on-year increase, worth of inbound shipments during the April-October period of this fiscal, according to the commerce ministry data. …

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 …

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI
3 months, 3 weeks ago

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI

The Hindu  

India has recorded trade surplus with as many as 151 countries such as the U.S. and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. "Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent …

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal
4 months, 3 weeks ago

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal

India TV News  

New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments from China, as was pitched by the Economic Survey recently. India faces two choices to benefit from the 'China plus one strategy' -- it can integrate into China's supply chain or promote FDI from China. China …

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 …

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 …

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 …

Centre monitoring steel import situation as China shipments touch 5-yr high
1 year, 3 months ago

Centre monitoring steel import situation as China shipments touch 5-yr high

Business Standard  

India is monitoring steel imports after shipments from China touched a five-year high in the first four months of the fiscal year that began in April, the country's steel secretary told Reuters on Monday. During April-July, China was the second-biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year …

G20 Presidency helping India deepen trade ties with member nations: Experts
1 year, 3 months ago

G20 Presidency helping India deepen trade ties with member nations: Experts

India TV News  

According to experts, G20 Presidency is helping India deepen trade ties with other member nations and provides an opportunity to attract investments from those countries in sectors like infrastructure. The largest trade block of G20, the EU, will set in motion the carbon border adjustment mechanism from October 1 this year, making exports expensive from countries like India. Mumbai-based exporter …

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 …

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 …

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 …

Budget may seek to curb China imports
2 years ago

Budget may seek to curb China imports

Live Mint  

The Budget may announce steps to reduce India’s import dependence on China through various tariff and non-tariff measures, pursuing its strategy of Atmanirbhar Bharat in a “calibrated” manner, two officials aware of the matter said. Indian companies and government departments have raised red flags over the import of more than 100 Chinese products including polyester yarn, optical fibre, solar cells, …

India’s imports from China surge to record high in first nine months of year
2 years, 1 month ago

India’s imports from China surge to record high in first nine months of year

The Hindu  

India’s imports from China have risen 31% for the nine months ended September, propelling two-way trade past $100 billion and the trade deficit to a record high. India’s exports to China in the first nine months of this year were, however, down by as much as 36.4% at $13.97 billion, data from China’s General Administration of Customs showed. India’s imports …

China’s total trade surplus with India ‘surpasses $1 trillion’
2 years, 2 months ago

China’s total trade surplus with India ‘surpasses $1 trillion’

The Hindu  

The favourable trade balance that China has enjoyed with India, since bilateral commerce began to boom in the early 2000s, has cumulatively exceeded $1 trillion, according to estimates. In 2021, annual two-way trade crossed $100 billion for the first time, reaching $125.6 billion, with India’s imports accounting for $97.5 billion, pegging the imbalance at close to $70 billion. Trade ties …

India-China trade deficit widens, imports rise by 29 pc in 5 years: Centre
2 years, 4 months ago

India-China trade deficit widens, imports rise by 29 pc in 5 years: Centre

Live Mint  

Despite continuous disputes between India and China on several issues, India is unable to curb its imports from Beijing. In the ongoing Lok Sabha session, Union Minister of State for Commerce and Industry Anupriya Patel informed that India's total imports from China increased by nearly 29 percent in the past five years. On whether the Government is taking measures to …

Chinese exports to India go up, Indian exports fall sharply in 2022: China data
2 years, 5 months ago

Chinese exports to India go up, Indian exports fall sharply in 2022: China data

Hindustan Times  

BEIJING: Trade between India and China stood at $67.08 billion in the first six months of 2022, rising by 16.5% compared to the same period the year before, latest data from China’s General Administration of Custom showed on Wednesday. While total trade between India and China was $125 billion in 2021, a record high, the deficit between the two countries …

Record surge in India’s imports from China in first half of 2022
2 years, 5 months ago

Record surge in India’s imports from China in first half of 2022

The Hindu  

India’s imports from China reached a record $57.51 billion in the first half of the year, according to China’s trade figures released on July 13. Imports of Chinese goods are on track for yet another record year, and set to surpass last year’s $97.5 billion figure. The trade imbalance is also on track for another record, with India’s exports to …

DC Edit | India playing hardball with China is justified
2 years, 8 months ago

DC Edit | India playing hardball with China is justified

Deccan Chronicle  

With a frosty reception and a cold send-off to their foreign minister Wang Yi, India has put out very clear signals on where it stands vis-a-vis China. Having given away one major bargaining chip in the conquest of the Galwan Valley heights in search of genuine peace with China on the border, India is like a burnt child that dreads …

Watch | Why are India’s imports from China rising?
2 years, 10 months ago

Watch | Why are India’s imports from China rising?

The Hindu  

In the wake of COVID-19 and the subsequent disruption to supply chains, many countries, including India, have spoken of the need to reduce reliance on China. India’s trade with China in 2021 reached $125.6 billion. India’s imports from China accounted for $97.5 billion, while exports reached $28.1 billion, both records. India’s biggest imports are: electrical and mechanical machinery a range …

Explained | Why are India’s imports from China rising?
2 years, 10 months ago

Explained | Why are India’s imports from China rising?

The Hindu  

The story so far: While many countries, including India, have spoken of the need to reduce reliance on China particularly in the wake of COVID-19 and disruption to supply chains, trade figures released last month showed imports have only continued to surge in 2021, rebounding after a fall in trade in 2020 because of the pandemic. India’s trade with China …

India’s trade with China crosses $125 billion, imports near $100 billion
2 years, 11 months ago

India’s trade with China crosses $125 billion, imports near $100 billion

The Hindu  

India’s trade with China in 2021 crossed $125 billion with imports from China nearing a record $100 billion, underlining continued demand for a range of Chinese goods, particularly machinery. Bilateral trade reached $125.6 billion in 2021, with India’s imports from China accounting for $97.5 billion. While a break-up of imports and exports was not immediately available, India’s biggest exports to …

Despite Galwan, India’s trade with China has grown. But there is a shift
3 years, 2 months ago

Despite Galwan, India’s trade with China has grown. But there is a shift

Hindustan Times  

New Delhi : Notwithstanding the ongoing border dispute with China, and efforts to dilute economic linkages and reduce dependence, India’s merchandise trade with China is growing and may cross the $100 billion mark this year. While Indian exports to China have seen an 18.54% year-on-year growth at $10.66 billion in April-August 2021, imports of Chinese goods have surged by over …

India’s June oil imports hit their lowest in nine months
3 years, 5 months ago

India’s June oil imports hit their lowest in nine months

The Hindu  

India’s crude oil imports in June fell to their lowest in nine months, as refiners curtailed purchases amid higher fuel inventories due to low consumption and renewed COVID-19 lockdowns in the previous two months. The world’s third-biggest oil importer and consumer, India shipped in about 3.9 million barrels per day of crude last month, about 7% down from May, but …

Can India Decouple From China?
4 years, 1 month ago

Can India Decouple From China?

The Diplomat  

Following the catastrophic clashes between Indian and Chinese troops at the Galwan Valley in Ladakh in June 2020, India has taken several steps to reduce its economic engagement with China. The Latest Trends in Imports From China India’s import dependence on China is broad-based and includes imports of raw materials, intermediate goods, and finished products. Beyond these groups, India’s reliance …

Automakers, suppliers should join hands to make India manufacturing hub: Experts
4 years, 3 months ago

Automakers, suppliers should join hands to make India manufacturing hub: Experts

Live Mint  

NEW DELHI: India’s automakers and component manufacturers should strive to localise bulk of parts imported from China within the next few years to drive cost competitiveness and boost exports, senior industry executives and government officials said. India in retaliation resorted to increased inspection of consignments from China and levied import restriction on certain components like tyres which has adversely impacted …

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