Aakar Patel | If our trade with China can see a rise, why not with our neighbours?
1 year, 11 months ago

Aakar Patel | If our trade with China can see a rise, why not with our neighbours?

Deccan Chronicle  

Reserve Bank governor Shaktikanta Das said last week that the government and the RBI were in discussions with South Asian countries to enable cross-border trade in the rupee. The World Bank says that trade between South Asian nations accounts for only five per cent of the region’s total trade. The World Bank says “border challenges mean it is about 20 per cent cheaper for a company in India to trade with Brazil instead of a neighbouring South Asian country”. China’s exports to India in January-November 2022 increased 24 per cent to $108 billion over the previous year.

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History of this topic

India’s trade braces for an action-packed 2025
15 hours, 50 minutes 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 …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
1 week, 2 days ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI
1 week, 2 days ago

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI

Live Mint  

New Delhi, Dec 15 Mexico, Canada, and 10-nation Southeast Asian bloc ASEAN benefited more from the US-China trade war than India, economic think tank GTRI said in a report. "Key beneficiaries of the trade war included Mexico, Canada, and ASEAN nations, which collectively accounted for 57 per cent of the growth in US imports. India also emerged as a significant …

Aakar Patel | South Asia needs to end communalism to ensure region can grow, develop
2 weeks ago

Aakar Patel | South Asia needs to end communalism to ensure region can grow, develop

Deccan Chronicle  

The BJP’s Ram Madhav has written an article titled “For South Asia to grow, communalism must end”. The World Bank says that “South Asia is one of the least integrated regions in the world in terms of trade and people-to-people contact.” Intra-regional trade between Bangladesh, India and Pakistan accounts for five per cent of our total trade, compared to Southeast …

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, 5 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 …

Aakar Patel | As China & US in race for the top; Indians busy with battles over past
3 weeks ago

Aakar Patel | As China & US in race for the top; Indians busy with battles over past

Deccan Chronicle  

The stunning victory of Donald Trump has sharpened focus on America’s relationship with its only peer competitor, China. Eight years ago, Mr Trump had identified China as America’s primary threat and had acted to curb its economic rise. Mexico became America's largest trading partner this year, eclipsing China, which had held the position for a decade. Mr Biden also took …

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, …

Why Trump’s proposed tariffs may be bad news for China and Asia
3 weeks, 6 days ago

Why Trump’s proposed tariffs may be bad news for China and Asia

CNN  

Hong Kong CNN — President-elect Donald Trump took to social media on Monday to promise massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his second term. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places …

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

India’s trade deficit with China soars during April-October despite import curbs
Trending News
1 month, 1 week ago

India’s trade deficit with China soars during April-October despite import curbs

Live Mint  

New Delhi: India’s merchandise trade deficit with China has risen 13% during the first seven months of the current fiscal year, despite government measures aimed at cutting reliance on the Asian manufacturing major and restrictions on import of certain products from the country. India's goods trade deficit with China widened to $57.83 billion during April-October from $51.12 billion a year …

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. …

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 …

As Trump vows America First, what’s in store for China & India in Indo-Pacific?
1 month, 2 weeks ago

As Trump vows America First, what’s in store for China & India in Indo-Pacific?

Firstpost  

In sharp deviation from outgoing US President Joe Biden, a lifelong internationalist, President-elect Donald Trump is a brutal transanctionalist who largely sees the world from the point of view of trade and tariffs Former US President Donald Trump has the potential to transform the American government institition for decades. However, now as China is facing economic woes, it remains to …

Trump's potential return sparks concerns over Indo-US trade ties, tariffs
Trending News
1 month, 2 weeks ago

Trump's potential return sparks concerns over Indo-US trade ties, tariffs

New Indian Express  

Donald Trump’s return as the 47th president of the US will likely put Indo-US trade ties under sharp focus. Trump has promised a fresh wave of tariffs under his ‘America first’ stance, which may adversely affect countries like India and its key sectors such IT, pharmaceuticals, textiles, chemicals and automotive parts. He even proposed import duty increases of 10-20 percent …

America First, round two: What Trump's trade agenda means for India and the world
1 month, 2 weeks ago

America First, round two: What Trump's trade agenda means for India and the world

India Today  

With Donald Trump’s return to the White House, global trade dynamics face a seismic shift. India’s strategic balance As Trump brings his protectionist trade policies back, India faces pressure to lower trade barriers or risk tariffs on key exports. Why India matters to the US India holds unique significance for the US — first, as a strategic partner in countering …

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 …

DC Edit | Fix trade deficit with China
3 months, 3 weeks ago

DC Edit | Fix trade deficit with China

Deccan Chronicle  

At a couple of forums in which he was keynote speaker last week, external affairs minister Jaishankar did some plain speaking on India’s ties with its neighbours China, Pakistan and Bangladesh. The point is being abrasive about relationships in public is not going to change anything while airing frank opinions will probably harm the prospects of diplomacy to heal the …

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's Exports to Bangladesh, Russia Decline Sharply
4 months ago

India's Exports to Bangladesh, Russia Decline Sharply

Deccan Chronicle  

Chennai: Conflict-ridden markets like Bangladesh and Russia reported a slumping engineering goods offtake in July, despite the industry clocking a positive growth in shipments. Engineering exports to Bangladesh fell 11.8 per cent year-on-year to $153.78 million in July 2024, against $174.35 million in July 2023. The value of engineering exports to Russia declined 26.8 per cent in July this year …

Trade between India and Vietnam can touch $20 billion, says Vietnam’s PM Pham Minh Chinh
4 months, 3 weeks ago

Trade between India and Vietnam can touch $20 billion, says Vietnam’s PM Pham Minh Chinh

Live Mint  

New Delhi: Vietnamese Prime Minister Pham Minh Chinh on Wednesday sought closer cooperation between both countries in semiconductor technology innovation among other areas. Pham Minh Chinh, who is on a three-day visit to India, said Vietnam is a key partner in India’s Act East policy and acknowledging the role played by both governments in facilitating business between the regions. “ …

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 …

Foreign trade hits new high in first half
5 months, 1 week ago

Foreign trade hits new high in first half

China Daily  

MSC Irina, the world's largest container vessel, docks at Ningbo Zhoushan Port in Zhejiang province on April 2. JIANG XIAODONG/FOR CHINA DAILY China's total goods exports and imports reached a new high in the first half of the year despite challenges such as escalating trade protectionism and intensifying geopolitical tensions, signaling an encouraging improvement in demand both at home and …

Foreign trade hits new high in first half
5 months, 1 week ago

Foreign trade hits new high in first half

China Daily  

MSC Irina, the world's largest container vessel, docks at Ningbo Zhoushan Port in Zhejiang province on April 2. JIANG XIAODONG/FOR CHINA DAILY China's total goods exports and imports reached a new high in the first half of the year despite challenges such as escalating trade protectionism and intensifying geopolitical tensions, signaling an encouraging improvement in demand both at home and …

Event stresses global ties amid tough scene
5 months, 4 weeks ago

Event stresses global ties amid tough scene

China Daily  

An aerial drone photo taken on June 24, 2024 shows the Dalian International Conference Center, venue of the 2024 Summer Davos, in Dalian, Northeast China's Liaoning province. Greater global cooperation in trade and investment is needed to bolster the world's economic recovery and deal with mounting challenges like decoupling, supply chain disruptions and geopolitical tensions, said speakers at the 15th …

India boosts defense ties with Bangladesh as it tries to become a counterweight to China
6 months ago

India boosts defense ties with Bangladesh as it tries to become a counterweight to China

Associated Press  

NEW DELHI — India and Bangladesh on Saturday moved to bolster their defense relationship and signed agreements for expanding cooperation in maritime security, ocean economy, space, and telecommunication sectors, as New Delhi tries to present itself as a regional power and a counterweight to China. The agreements were signed during Bangladesh Prime Minister Sheikh Hasina’s visit to India, the first …

India in trade deficit with nine of top 10 trading partners in 2023-24
6 months, 4 weeks ago

India in trade deficit with nine of top 10 trading partners in 2023-24

The Hindu  

India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data. India's total trade deficit in the last fiscal narrowed to $238.3 billion as against $264.9 billion in the previous fiscal. Economic think tank Global Trade Research Initiative said …

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 …

Govt looks to make North East export hub for Bangladesh, Asean
8 months, 2 weeks ago

Govt looks to make North East export hub for Bangladesh, Asean

Hindustan Times  

The government is rapidly implementing a comprehensive strategy to make the landlocked northeastern region an export hub for markets in Bangladesh and the Association of Southeast Asian Nations even as it negotiates a better free trade deal with the 10-nation Asean block, people familiar with the matter said on Wednesday. India is renegotiating several “adverse” provisions of the 2009 trade …

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 …

India-China bilateral trade hit a new record in 2023: Envoy
10 months, 2 weeks ago

India-China bilateral trade hit a new record in 2023: Envoy

The Hindu  

India and China trade reached record levels in 2023, said the Chinese envoy to India, indicating that bilateral trade had surpassed 2022 figures despite a slowdown mid-year. Speaking at an event in Delhi celebrating the Chinese New Year, the envoy, Charge D’Affaires Ma Jia said that the growth in trade, to US $136.2 billion went along with other areas of …

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 …

A cloudy horizon: The Hindu Editorial on trade data
1 year ago

A cloudy horizon: The Hindu Editorial on trade data

The Hindu  

From a rare upward swing this October, India’s goods exports retreated into contraction last month, dipping 2.8% from 2022 levels to touch $33.9 billion. Imports dropped 4.33% to $54.5 billion, cooling the merchandise trade deficit to $20.6 billion, almost a third below October’s record high. August’s goods trade deficit was moderated by nearly three billion dollars, with the overall export-import …

Aakar Patel | Has South Asia hobbled itself? Can we turn into Korea, Taiwan?
1 year ago

Aakar Patel | Has South Asia hobbled itself? Can we turn into Korea, Taiwan?

Deccan Chronicle  

Last week, I wrote about South Asia remaining poor compared to many nations in Asia, which have done something different from us. Note that this is per person income and of the world’s 7.7 billion people, South Asia contributes a full 23 per cent. The World Bank says that intra-regional trade between Bangladesh, India and Pakistan accounts for five per …

Country has cemented its place in global supply chains
1 year, 1 month ago

Country has cemented its place in global supply chains

China Daily  

Containers are loaded onto a cargo vessel in Qinzhou Port, Guangxi Zhuang autonomous region, a transit point on the New International Land-Sea Trade Corridor. In the first 10 months of this year, the total import and export value of China's trade in goods hit 34.32 trillion yuan, an increase of 0.03 percent year-on-year. Last year, the total value of China's …

We are in a loss-making relationship with China: Pakistani media
1 year, 1 month ago

We are in a loss-making relationship with China: Pakistani media

Op India  

Pakistan media has seemingly come to certain realisations about their country’s ‘all-weather friend’ China. The article “What China wants from Pakistan” by Pakistani economist Khurram Husain sheds light on the mounting trade deficit and stark economic differences between the two neighbouring nuclear powers. “The interesting thing is, if you look at the decade between 2000 and 2010, China would not …

India-ASEAN trade deal ill conceived: Goyal
1 year, 4 months ago

India-ASEAN trade deal ill conceived: Goyal

Live Mint  

India-ASEAN trade deal signed under the UPA era is one of the most ill-conceived deals, commerce minister Piyush Goyal said on Thursday at an industry event. India mostly imports capital goods, raw materials and intermediates from Asean, the tariff concessions under the free trade agreements have also been advantageous to many sectors and adversely impacted domestic companies, especially chemicals and …

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 …

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-UAE trade pact boosts exports to $31.3 billion in 2022-23
1 year, 7 months ago

India-UAE trade pact boosts exports to $31.3 billion in 2022-23

The Hindu  

Exports from India to the UAE have grown at almost 12% in 2022-23 to hit $31.3 billion, more than double the 5.3% growth in India’s overall exports, thanks to the implementation of the bilateral trade pact last May, the Commerce Ministry said on Monday. “During the CEPA Implementation period, bilateral trade increased from $67.5 billion a year earlier to $76.9 …

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 …

Stronger measures to tap overseas trade potential
1 year, 8 months ago

Stronger measures to tap overseas trade potential

China Daily  

By LIU ZHIHUA| China Daily| Updated :2023-04-03 More efforts to boost exports will likely contribute to overall economic growth China is expected to adopt stronger measures to better tap overseas market potential amid soft global demand, according to experts and business leaders. "There is still huge room for China's exports to grow, and the key is taking action toward this …

Australia aims to bolster security, economic ties with India
1 year, 9 months ago

Australia aims to bolster security, economic ties with India

Associated Press  

NEW DELHI — The prime ministers of India and Australia on Friday expressed concern over an “increasingly uncertain global security environment” and committed themselves to strengthening their defense and security partnership to ensure stability in the Indo-Pacific. Australian Prime Minister Anthony Albanese, on a four-day visit to India, and his Indian counterpart Narendra Modi did not directly refer to Russia’s …

How the Russia-Ukraine conflict is shaping India's foreign trade
1 year, 10 months ago

How the Russia-Ukraine conflict is shaping India's foreign trade

India Today  

The Russia-Ukraine war’s fallout has been an important factor in the global slowdown. Here are facts and figures to understand India's current trade dynamics: India's imports were down by 3.5 per cent as of December 2022, while exports were lower by 12.2 per cent compared to last year of the same period In export, 19 of the 30 key segments, …

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 …

Trading more within Asia makes economic sense
1 year, 10 months ago

Trading more within Asia makes economic sense

The Hindu  

South Asia should now have a re-look at regional trade across Asia after the warning by the International Monetary Fund on January 31, 2023, that global trade would slow down from 5.4% in 2022 to 2.4% in 2023. A recently published paper in an IMF book, “South Asia’s Path to Resilient Growth”, argues that a strong base exists for South …

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 …

China's rising foreign trade in 2022 reflects economic strength despite challenges -- Egyptian economist
1 year, 11 months ago

China's rising foreign trade in 2022 reflects economic strength despite challenges -- Egyptian economist

China Daily  

This photo taken on July 11, 2022 shows a scene of the welcome ceremony for the 10,000th trip made by the China-Europe freight train operated by the China-Europe Railway Express in Duisburg, Germany. CAIRO -- China's increased foreign trade in 2022 reflects the country's economic strength despite domestic and international challenges, said an Egyptian economist in a recent interview with …

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