COVID-19 outbreak could help agri exports: Agriculture Ministry analysis
4 years, 9 months ago

COVID-19 outbreak could help agri exports: Agriculture Ministry analysis

The Hindu  

In the wake of the COVID-19 outbreak, the Centre has identified 21 agricultural products, including honey, potatoes, grapes, soya beans and groundnuts, in which Indian exports could benefit from trade restrictions against Chinese goods. “There are 21 agri tariff lines where China’s global exports and India’s global exports are more than $25 million and where India is price and volume-wise competitive and capable to provide an alternative,” said the Agriculture Ministry analysis, seen by The Hindu. India imported agriculture items worth $109.74 million from China in 2018-19, with seven products, including kidney beans, bamboo, cassia, fresh grapes, live plants and plums and sloes, accounting for 84% of that. However, it may be noted that out of the top seven items, only two items – bamboo and kidney beans – are imported in bulk from China in the sense that they respectively represent 35.5% and 41.2% import from China out of India’s total imports from the world,” the analysis stated.

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History of this topic

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
1 day, 22 hours ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

China’s flood of cheap goods is angering its allies, too
1 month ago

China’s flood of cheap goods is angering its allies, too

Live Mint  

A deluge of cheap Chinese goods washing over the developing world is jacking up tensions between China and the Global South, complicating Beijing’s plans to build alliances as it confronts escalating trade tensions with the U.S. With President-elect Donald Trump saying he plans to significantly increase tariffs on China, Beijing is hoping to unload more of its excess factory production …

India-China trade: An alarming $18 billion discrepancy
1 month, 1 week 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, …

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct
1 month, 3 weeks ago

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct

Live Mint  

New Delhi: India's merchandise exports continued their upward trajectory during April-October, with 21 of the top 30 sectors registering growth in value terms, buoyed by rising global demand for Indian goods. Growth in key sectors like pharmaceuticals, electronics, and engineering goods contributed to the overall gains, while a sharp decline was reported in traditionally strong sectors—petroleum and gems and jewellery—amid …

How India can fix the Chinese imports problem
3 months 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's Toy Import Curbs Yield Success, Exports Stagnate
7 months, 3 weeks 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
8 months, 1 week 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 aims to grab 10% agri exports market
8 months, 2 weeks ago

Govt aims to grab 10% agri exports market

Hindustan Times  

The government is preparing a five-year action plan to grab 10% of the $405 billion exports market of 20 farm produce such as mangoes, banana, ghee, buffalo meat and alcoholic beverages, which could be unveiled by the central government after the general elections, officials aware of the development said. Centre is preparing a five-year action plan to grab 10% of …

Commerce ministry shifts focus to push fresh fruits and vegetables to US and EU
9 months ago

Commerce ministry shifts focus to push fresh fruits and vegetables to US and EU

Live Mint  

New Delhi: With an export ban in place on rice and wheat, the union commerce ministry has shifted its focus to exports of agricultural products including fresh fruit and vegetables to new destinations, including the US, European Union and African countries, two persons said. This move, being rolled out by the Agricultural and Processed Food Products Export Development Authority is …

Nation develops growing appetite for food imports
1 year, 1 month ago

Nation develops growing appetite for food imports

China Daily  

Imported food is displayed at a warehouse in Wuhan, Hubei province. The China Food Import Report 2023 released during the summit highlighted the fact that China has become the world's largest food-importing country, with a total import value of $139.62 billion last year — year-on-year growth of 3.1 percent. The top two source countries by import value are the United …

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 …

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 …

Exporters on edge as raging covid in China derails trade
2 years ago

Exporters on edge as raging covid in China derails trade

Live Mint  

The covid-19 surge in China has triggered concern among Indian exporters as it may add to the softening of demand from Western countries. China, India’s largest trading partner, reported an 11% decline in imports in November, and the latest outbreak could further hit exports of Indian goods. “The covid situation in China is a cause for concern both in terms …

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, …

China’s trade plunges to lowest level since 2020 amid COVID curbs
2 years, 1 month ago

China’s trade plunges to lowest level since 2020 amid COVID curbs

Al Jazeera  

Imports fell 10.6 percent in November while exports dropped 8.7 percent, according to customs data. China’s trade plummeted in November to the lowest levels since the early days of the COVID-19 pandemic, according to official figures, underscoring the heavy economic toll of Beijing’s “zero COVID” policies. Imports fell 10.6 percent year-on-year while exports dropped 8.7 percent, Chinese customs data showed …

India’s merchandise imports from three of top 10 trade partners dip
2 years, 1 month ago

India’s merchandise imports from three of top 10 trade partners dip

Hindustan Times  

New Delhi: India’s merchandise imports from three out of top 10 trade partners contracted year-on-year in October – about 10% from China at $7.8 billion, nearly 5% with the US to $3.5 billion and 31% from Australia at $1.3 billion – although inbound shipments from Russia surged over 441% at over $3.8 billion, mainly due to energy imports. India’s merchandise …

Can India Capitalise on China’s Zero-Covid Failure And Become the Future Factory of the World? - News18
2 years, 1 month ago

Can India Capitalise on China’s Zero-Covid Failure And Become the Future Factory of the World? - News18

News 18  

Covid protests have gripped several cities of China, including Beijing and Shanghai, spilling over to Hong Kong with even Chinese embassies in global metropolises like London, Paris and Tokyo as well as universities in US and Europe. Can tensions surrounding China’s zero-Covid policy present an opportunity for India to rejig supply chain models? While the total global manufacturing value added …

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

India’s rice export ban to further strain global good supplies
2 years, 3 months ago

India’s rice export ban to further strain global good supplies

Live Mint  

India banned exports of broken rice and levied a tax on other key varieties in a move that would add to global inflationary pressure and exacerbate food supply pains caused by the war in Ukraine. Global buyers are depending on India—the world’s top rice exporter—to shore up food supplies since Russia invaded Ukraine, a major wheat grower, which roiled global …

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

India exported 1.8 million tonnes wheat to several countries since ban: Food Secretary
2 years, 6 months ago

India exported 1.8 million tonnes wheat to several countries since ban: Food Secretary

The Hindu  

India has exported 1.8 million tonnes of wheat to a dozen-odd countries, including Bangladesh and Afghanistan, since the country banned exports of the grain on May 13, according to Food Secretary Sudhanshu Pandey. The Secretary said, “It is important here to explain that the recent decision by the Government of India to bring about regulation on wheat exports was essentially …

India’s Q1 imports lift trade with China to record high
2 years, 8 months ago

India’s Q1 imports lift trade with China to record high

The Hindu  

A sharp increase in India’s imports of Chinese goods in the first quarter of 2022 lifted bilateral trade by 15% to a record $31.96 billion, trade data released by China on Wednesday show. In 2021, India’s trade with China surpassed the $100 billion mark for the first time to reach $125 billion, driven by demand for electronic products, chemicals and …

India's agriculture exports cross $50 billion mark for first time
2 years, 9 months ago

India's agriculture exports cross $50 billion mark for first time

Firstpost  

As per the provisional figures, agricultural exports rose to USD 50.21 billion in 2021-22, which is 19.92 per cent higher compared to the previous year New Delhi: Exports of agricultural products crossed the USD 50 billion mark for the first time during the financial year 2021-22 on the back of healthy growth in the exports of sugar, rice, wheat and …

DC Edit | India playing hardball with China is justified
2 years, 9 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, 11 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 reliance on Chinese goods surged in 2021
2 years, 11 months ago

India’s reliance on Chinese goods surged in 2021

The Hindu  

India imported $16 billion more of its key top 100 imports from China in the last year, an increase of almost two-thirds from the previous year, an analysis of trade figures shows, underlining deepening dependencies on many crucial imports. India’s total imports from China crossed a record $97.5 billion last year, making up a large chunk of the bilateral trade …

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 …

Vietnam blames China’s ‘zero COVID’ policies for disrupting trade
3 years ago

Vietnam blames China’s ‘zero COVID’ policies for disrupting trade

Al Jazeera  

Vietnam’s trade ministry calls on Chinese authorities to ease congestion at the border crossing. Vietnam’s trade ministry has asked China’s Guangxi authorities to take urgent measures to ease congestion at border crossings after China stepped up its border controls with neighbours to follow zero COVID-19 policies, state media reported. Pictures and video footage from state-run Vietnam News Agency showed thousands …

With recent overtures, India, China eye stability in ties after a year of tensions
3 years ago

With recent overtures, India, China eye stability in ties after a year of tensions

The Hindu  

The exchange of sweets at 10 posts along the India-China border on New Year’s Day and recent talks between the two sides have indicated that New Delhi and Beijing are seeking greater stability in relations and haven’t given up hopes of a breakthrough, despite the massive 1,00,000-strong troops still amassed on both sides after nearly 20 months of a stand-off …

What is the road ahead for Indian exports; will momentum continue?
3 years ago

What is the road ahead for Indian exports; will momentum continue?

Business Standard  

At the beginning of this fiscal, the Centre had set a merchandise export target of $400 billion for FY22, which at the time seemed ambitious. From April to November this year, they are up 51% to $263 billion and set to cross last year’s numbers by December.The rise in India’s exports could be attributed largely to the growth momentum in …

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-China trade on course to touch record $100 billion-mark
3 years, 2 months ago

India-China trade on course to touch record $100 billion-mark

India Today  

The India-China trade volume looks set to cross the record figure of USD 100 billion this year as the total has already touched USD 90 billion in the first nine months, despite a chill in bilateral relations due to the continuing military standoff between the two countries in eastern Ladakh. China's total imports and exports expanded 22.7 per cent year …

Christmas exports keep pace with challenges
3 years, 4 months ago

Christmas exports keep pace with challenges

China Daily  

A container ship with cargo of China-made Halloween and Christmas decorations leaves the port in Ningbo, Zhejiang province, for Oceania in August. Despite the uncertainties that have put pressure on China's exports, the country's foreign trade maintained an upward momentum in the first seven months, while the country's foreign trade expanded by 24.5 percent year-on-year to 21.34 trillion yuan, according …

Tap opportunities in post-COVID world to meet $400 billion export target, says PM to heads of Indian missions abroad
3 years, 5 months ago

Tap opportunities in post-COVID world to meet $400 billion export target, says PM to heads of Indian missions abroad

Firstpost  

Addressing Indian missions and Export Promotion Councils, Modi said that factors, including multifold increase in manufacturing, reduction in logistics cost and international market for domestic goods can help boost the country’s outbound shipments New Delhi: Prime Minister Narendra Modi on Friday called upon the industry and exporters to take advantage of opportunities created in the post-Covid scenario, explore new destinations …

India breaks into the top 10 list of agri produce exporters
3 years, 5 months ago

India breaks into the top 10 list of agri produce exporters

Live Mint  

India broke into the top 10 list of agricultural produce exporters in 2019 with a sizeable share in the export of rice, cotton, soya beans and meat, according to a World Trade Organization report on the trends in world agricultural trade in the past 25 years. In 2019, Mexico and India, with 3.4% and 3.1% share in global agri exports, …

In a first, Mangoes, black rice from Varanasi make it to global markets despite COVID-19
3 years, 6 months ago

In a first, Mangoes, black rice from Varanasi make it to global markets despite COVID-19

India TV News  

When the entire country was facing strict lockdowns due to the COVID-19 pandemic, the Commerce Ministry worked towards bringing the delicious mangoes and vegetables of Varanasi and nearby areas to reach the international markets in Europe and the Middle Eastern countries for the first time. "The COVID-19 lockdown period since March last year was utilised to bring vegetables and fruits …

Farm exports grew over 17% in FY21: Anup Wadhawan
3 years, 6 months ago

Farm exports grew over 17% in FY21: Anup Wadhawan

Live Mint  

India’s farm sector exports give reason to cheer in spite of an overall contraction in merchandise exports in FY21. Agriculture exports in FY21 grew 17.3% to $41.25 billion from a year ago after remaining stagnant in preceding three years, an official statement said quoting commerce secretary Anup Wadhawan. This indicates the farm sector’s robust performance while the overall merchandise exports …

Chinese exports jump as pandemic wanes in US, other markets
3 years, 7 months ago

Chinese exports jump as pandemic wanes in US, other markets

India TV News  

China has reported its exports and imports surged in May on growing demand as the pandemic was waning in the US and other key markets, though the pace of growth is leveling off. Customs data released Monday showed exports rose 28% from a year earlier and imports soared 51% — at the fastest annual pace in over a decade. The …

Export boom aids businesses, not farmers
3 years, 7 months ago

Export boom aids businesses, not farmers

Hindustan Times  

Rising agricultural exports from India, which shipped out a record 20 million tonne of foodgrains in 2020-21, have breathed new life into agribusinesses, but farmers say they have hardly gained because they had to sell cheap. In the financial year ended March 2021, the country exported farm produce worth nearly $42 billion, a growth of about 18%, on the back …

From supply chains to vaccines, China has frequently thrown spanner into works of India's COVID-19 battle
3 years, 7 months ago

From supply chains to vaccines, China has frequently thrown spanner into works of India's COVID-19 battle

Firstpost  

From tactfully disallowing Chinese firms to participate in BMC’s global vaccine tender to exorbitant pricing of necessary equipment, India’s battle against COVID-19 has often run into rough weather with China The relations between India and China have hit a rough patch ever since Indian and Chinese soldiers engaged in an “standoff” near the Line of Actual Control in Eastern Ladakh …

COVID Pandemic Has Disrupted Global Value Chains, India Must Reorient Its Trade Policy
3 years, 8 months ago

COVID Pandemic Has Disrupted Global Value Chains, India Must Reorient Its Trade Policy

News 18  

The COVID-19 pandemic has exposed existing vulnerabilities associated with international trade, especially for developing countries that are heavily linked into existing global value chains. Diversification has also occurred in terms of destination markets, with the total share of India’s leading export markets declining from 50 per cent in 2010-11 to 45.5 per cent in 2018-19. However, resource-based exports and low-tech …

India's GDP to Grow at 11% This Fiscal, Surge in Covid Cases May Put Economic Recovery at Risk: ADB
3 years, 8 months ago

India's GDP to Grow at 11% This Fiscal, Surge in Covid Cases May Put Economic Recovery at Risk: ADB

News 18  

The Indian economy is projected to grow at 11 per cent in the current financial year amid the “strong” vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in Covid cases may put the country’s economic recovery at “risk”. “India’s economy is expected to grow 11 per cent in fiscal year 2021, which ends on March 31, …

India's Covid-19 cases mount but uncertainty over US export ban on vaccine raw materials continues
3 years, 8 months ago

India's Covid-19 cases mount but uncertainty over US export ban on vaccine raw materials continues

India Today  

Serum Institute of India's Chief Executive Officer, Adar Poonawalla recently sought US President Joe Biden's intervention in lifting a ban on raw materials that India imports from the US. SoS FROM POONAWALLA On April 16, Adar Poonawalla, in what appeared to be a desperate appeal, tweeted: "Respected @POTUS, if we are to truly unite in beating this virus, on behalf …

India to waive import duty on Covid-19 vaccines: Report
3 years, 8 months ago

India to waive import duty on Covid-19 vaccines: Report

India Today  

India will waive its 10 per cent customs duty on imported Covid-19 vaccines, a senior government official told Reuters on Monday, as it tries to boost supplies to counter a dramatic surge in coronavirus cases. Imports of Russia's Sputnik V vaccine are due to arrive soon and the government has also urged Pfizer, Moderna and Johnson and Johnson to sell …

Trade is giving China’s economic recovery a boost
3 years, 8 months ago

Trade is giving China’s economic recovery a boost

CNN  

CNN Business — China’s economic recovery is continuing to gather steam. It’s a sign that demand within China is picking up as the country moves past the worst of the economic damage wrought by the coronavirus pandemic. “The global reopening amid the vaccinations rollouts and improving global outlook should hold the external demand supportive, while the global supply-chain normalization could …

India’s COVID-19 vaccine export may be curbed
3 years, 9 months ago

India’s COVID-19 vaccine export may be curbed

The Hindu  

Amidst a fresh surge in COVID-19 cases in India, and the rollout of vaccines for those above 45 years from April 1, the government has hinted it may need to “calibrate” its supply schedules to other countries, although it has not proposed a full ban on exports at this time. According to Global vaccine alliance GAVI, which runs the COVAX …

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