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 Transforming India Aayog vice chairman Suman Bery underscored that the right response is to diversify to other sources of supply for critical inputs including active pharmaceutical ingredients and supply chain for renewables. The critical statement from the top official came as China's exports to India climbed to $118.5 billion, a year-on-year increase of 21.7%, whereas China's imports from India dwindled to $17.48 billion, a year-on-year decline of 37.9% in 2022. According to recent data released by Chinese customs, the trade between India and China touched an all-time high of USD 135.98 billion in 2022, while New Delhi's trade deficit with Beijing crossed the USD 100 billion mark for the first time despite frosty bilateral relations.

India China Trade Indian New Delhi Chinese Beijing Niti Aayog Niti Bery Import Increases  chinese  inputs  reducing  trade  beijing  dependence  billion  deficit  bery  aayog  import  increases  india  china  focus  217  indias  niti  critical

History of this topic

India’s trade braces for an action-packed 2025
15 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 …

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial
1 week, 1 day ago

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial

China Daily  

In his meeting with President Xi Jinping on the sidelines of the BRICS Summit held in Kazan, Russia, on Oct 23, Indian Prime Minister Narendra Modi noted that maintaining the steady growth of India-China relations was critical for the two countries and peoples. Against a complex international landscape, cooperation between India and China, two engines of economic growth, could help …

India should not shy away from Chinese investment: Arvind Panagariya explains why
1 week, 4 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,” …

Sanjaya Baru | Driving our foreign trade beyond the Trump bump
2 weeks, 1 day ago

Sanjaya Baru | Driving our foreign trade beyond the Trump bump

Deccan Chronicle  

The impending return to the White House of US President-elect Donald Trump promising high tariffs has raised the alarm around the world and not just in China. While saying nice things about India and Prime Minister Narendra Modi, Mr Trump has indicated that his trade negotiators would again take a close look at India’s tariffs. The return of President Trump …

EAM seeks balanced approach towards business with China
2 weeks, 4 days ago

EAM seeks balanced approach towards business with China

Hindustan Times  

India should have a balanced approach to business with China because of the troubled political relationship witnessed over the past four years and the imperative of not becoming dependent on a single supply chain, external affairs minister S Jaishankar said on Thursday. Though the recent understanding with China on resolving the remaining “friction points” on the LAC resulted in “some …

India should have balanced approach to trade with China, says Jaishankar
2 weeks, 4 days ago

India should have balanced approach to trade with China, says Jaishankar

Hindustan Times  

NEW DELHI: India should adopt a balanced approach to business with China due to the troubled political relationship over the past four years and the need to avoid becoming overly dependent on a single supply chain, external affairs minister S. Jaishankar said on Thursday at an event organised by the Associated Chambers of Commerce & Industry of India. Jaishankar cautioned …

India faces high exposure to US trade policy shift
2 weeks, 4 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 …

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report
2 weeks, 5 days ago

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report

Live Mint  

New Delhi, Dec 4 India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. "However, India has seen limited success so far in capturing the China Plus One strategy so far," said the report - 'Trade …

India has seen limited success so far in capturing China Plus One strategy: NITI Aayog Report
2 weeks, 5 days ago

India has seen limited success so far in capturing China Plus One strategy: NITI Aayog Report

Live Mint  

New Delhi, December 4 : India has had limited success in capitalizing on the opportunities presented by the China Plus One strategy, according to a report by NITI Aayog. While the global trade landscape in 2024 has been significantly influenced by geopolitical developments, the NITI Aayog report noted that India has faced challenges in emerging as a preferred alternative to …

China's supply cut and global disturbances reduces India’s fertilizer imports
2 weeks, 6 days 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, 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, …

Will India gain as Trump points tariff bazooka at China?
4 weeks ago

Will India gain as Trump points tariff bazooka at China?

India Today  

"It is time for them to pay a very big price!" "Many corporates with factories, establishments and offices affected by higher tariffs would be prone to diversify their production chains to geographies like India, Vietnam, Indonesia and South Korea," Nilanjan Ghosh, Director at ORF, tells India Today Digital. In an interview with India Today TV, geopolitical expert Farid Zakaria said …

Trump’s policies may open new doors for India’s defence sector: Report
Trending News
4 weeks ago

Trump’s policies may open new doors for India’s defence sector: Report

Live Mint  

New Delhi, November 25 : The "America First" trade policy promoted by upcoming U.S. President Donald Trump has far-reaching implications for global trade and geopolitics. It said "Indian businesses in sectors such as pharmaceuticals and defense might also find new opportunities, especially if U.S.- India collaboration strengthens. The report said "increased tariffs might prompt retaliatory measures from trade partners, potentially …

Under Trump, India can find a way to become manufacturing powerhouse: Fareed Zakaria
1 month ago

Under Trump, India can find a way to become manufacturing powerhouse: Fareed Zakaria

India Today  

Veteran journalist and geopolitical expert Fareed Zakaria offered a comprehensive analysis of Donald Trump’s second term as US President, highlighting its global implications, particularly for India. US policy toward India for the last 25 years has been remarkably consistent and upward moving, and so I think what you're likely to see with India is the continuation of that upward moving …

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 needs to leverage Trump’s China antipathy
1 month, 1 week ago

India needs to leverage Trump’s China antipathy

Hindustan Times  

The electoral victory of Donald Trump, and his comeback as the United States President, has led to speculation as to the contours of his administration’s policies with respect to the Indo-Pacific region. FILE PHOTO: U.S. President Donald Trump attends a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque/File …

US Elections 2024: 5 key points from Donald Trump’s election manifesto that may impact India
1 month, 1 week ago

US Elections 2024: 5 key points from Donald Trump’s election manifesto that may impact India

Live Mint  

Donald Trump has secured his return to the White House as the 47th President of the United States, following a highly-competitive election on November 5, 2024. Trump’s Policy Agenda 5 key points from Donald Trump’s election manifesto that may impact India: Tax Reforms: As per the report, Trump’s policy platform emphasises extending the 2017 Tax Cuts and Jobs Act, which …

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 …

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 at helm to boost Indian electronics manufacturing as more tariffs on China imminent
1 month, 2 weeks ago

Trump at helm to boost Indian electronics manufacturing as more tariffs on China imminent

Live Mint  

Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies. “Mr Trump in his election rallies and speeches has been talking about imposition of tariffs on our neighbours, which I am sure will make a lot of …

Opinion: Trump poses no major threat to Indian exports
1 month, 2 weeks ago

Opinion: Trump poses no major threat to Indian exports

Live Mint  

Donald Trump will be the next US President. It is known that the US is India’s second-largest trade partner with total trade in goods and services of about $200 billion, and here service exports play a major part. In September last year, US trade representative Katherine Tai announced that India and the US had agreed to resolve their last outstanding …

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.

India's Economic Potential Soars as Global Landscape Shifts
Trending News
2 months ago

India's Economic Potential Soars as Global Landscape Shifts

The Hindu  

India is well positioned to capitalize on new growth opportunities due to its robust macroeconomic fundamentals and strategic shift towards strategic economic partnerships. The country's focus on domestic capacity building and resilience against external shocks will be key to its success. Ms. Sitharaman emphasized India's potential to become a key partner for many countries seeking to diversify their sources of …

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 …

India has to change its policy if it wants to attract more Chinese investment: China Daily editorial
3 months, 1 week ago

India has to change its policy if it wants to attract more Chinese investment: China Daily editorial

China Daily  

There have been positive signs of improving China-India economic relations recently, as evidenced by Indian officials talking about easing restrictions on Chinese investment, and New Delhi making moves to expedite visa approvals for Chinese technicians. The seeming softening of attitude by New Delhi toward Chinese investment may have been made out of expediency, as declining foreign investment is likely to …

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 has a special China problem: Jaishankar calls for investments from there be scrutinised
3 months, 3 weeks ago

India has a special China problem: Jaishankar calls for investments from there be scrutinised

The Hindu  

Asserting that India has a "special China problem" which is over and above the world's "general China problem", External Affairs Minister S Jaishankar said on Saturday the border and the state of relations with the country call for investments from there be scrutinised. Mr. Jaishankar said that if people are complaining of trade deficit with China and "we are too", …

Arvind Panagariya: Chinese investments give India leverage, tariff boost FDI
3 months, 3 weeks ago

Arvind Panagariya: Chinese investments give India leverage, tariff boost FDI

Live Mint  

Arvind Panagariya, economist and Chairman of India's 16th Finance Commission, feels that Chinese investments in the country would give us a leverage over them, the Economic Times reported on August 30. Panagariya said that India has free trade agreements "with only relatively small trading partners" so far and needs one iwth a large market, e.g. "India has the potential to …

Roll out a red carpet for Chinese investment—but cautiously
4 months, 2 weeks ago

Roll out a red carpet for Chinese investment—but cautiously

Live Mint  

In 2021-22, India received its highest foreign direct investment inflow of $84 billion. Globally, one of the biggest FDI sources is China, which last year alone poured $148 billion into other economies, the world’s third highest, at a time when global aggregate FDI flows were falling. Of the cumulative FDI received since 2000, India approved only $2.5 billion from China, …

Chinese FDI seen as vital for Indians
4 months, 3 weeks ago

Chinese FDI seen as vital for Indians

China Daily  

By APARAJIT CHAKRABORTY in New Delhi and XU WEIWEI in Hong Kong | China Daily | Updated: 2024-08-01 09:42 The renewed inflow of Chinese foreign direct investment will be very positive for India, said experts after senior officials expressed recently that they welcomed fresh Chinese investments, given China's key role in the global supply chains and the benefits such investments …

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 has chance to emerge as manufacturing hub: BJP MP
4 months, 3 weeks ago

India has chance to emerge as manufacturing hub: BJP MP

Hindustan Times  

Bharatiya Janata Party national spokesperson Sudhanshu Trivedi on Sunday termed the recent Union Budget historic as it was presented by the Modi government in its third consecutive term in office—a feat achieved in Indian history after 60 years. He pointed out that with declining trust in China as the world’s largest manufacturing hub, India has a golden opportunity to establish …

Budget 2024: Nirmala Sitharaman backs CEA's suggestion on more Chinese FDI into India
5 months ago

Budget 2024: Nirmala Sitharaman backs CEA's suggestion on more Chinese FDI into India

Hindustan Times  

Finance Minister Nirmala Sitharaman during a post budget press conference on Tuesday said that she doesn't disown the suggestion by chief economic adviser to allow more Chinese foreign direct investment in the country. On the trade front, China emerged as India's top trading partner in 2024 according to data from Global Trade Research Initiative. Mentioning that the chief economic adviser's …

‘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 …

Economic Survey on China: ‘Can India fill manufacturing gaps left by Beijing?’
5 months ago

Economic Survey on China: ‘Can India fill manufacturing gaps left by Beijing?’

Hindustan Times  

The Economic Survey stated that considering the dominance of China in global supply chains, it may not be the most “prudent approach” for India to think that it can fill the spaces left vacant by Beijing in manufacturing. It said, “The Chinese domination over the global supply chains across product categories is a key global concern, especially in the wake …

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30
5 months ago

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30

Deccan Chronicle  

Chennai: India can increase its electronics production five-fold to touch $500 billion by FY30, with $200 -$225 billion worth exports of both finished goods and components by becoming an integral part of the global value chain through focused policy interventions, finds Niti Aayog. However, the electronics sector has a very high participation in the global value chain with 75 per …

India in trade deficit with nine of top 10 trading partners in 2023-24
6 months, 3 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 …

Indian economy projected to grow 6.5% in 2024: UNCTAD
8 months ago

Indian economy projected to grow 6.5% in 2024: UNCTAD

The Hindu  

India’s economy is projected to grow by 6.5% in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact on Indian exports. “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services …

To compete with China on economic front, India must focus on manufacturing: Jaishankar
8 months, 3 weeks ago

To compete with China on economic front, India must focus on manufacturing: Jaishankar

The Hindu  

To compete with China on the economic front, India should focus on manufacturing, a key sector which was ignored by governments before Prime Minister Narendra Modi came to power in 2014, External Affairs Minister S. Jaishankar said on April 1. He noted that tension at the border with China has caused "abnormality" in New Delhi-Beijing relations, and added India's thinking …

What can India learn from countries like Vietnam to become an export giant?
10 months ago

What can India learn from countries like Vietnam to become an export giant?

The Hindu  

Like with the last episode of Business Matters, this one too was triggered by a headline I saw in an article: “India fears losing out to China in smartphone exports race”. This Reuters piece cited IT Minister of State Rajeev Chandrasekhar’s letter dated January 3 to Finance Minister Nirmala Sitharaman expressing fears that India’s high tariffs could be a deterrent …

India’s rival is Vietnam in the game of attracting global manufacturers
10 months, 1 week ago

India’s rival is Vietnam in the game of attracting global manufacturers

Live Mint  

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. The latest reminder of this urgency came last week with a US appeal for New Delhi to make the business environment easier and more transparent to navigate, or keep losing out on foreign direct investment. Though India is getting a lot 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 …

Discover Related