India-China trade deficit stands at USD 30 bn during Q1

New Delhi: Trade deficit between India and China stood at USD 30.07 billion during April-September 2021, Parliament was informed on Wednesday.

India’s exports to China during the April-September 2021 period was USD 12.26 billion, while imports were aggregated at USD 42.33 billion, according to data given by Minister of State for Commerce and Industry Anupriya Patel in a written reply to the Lok Sabha.

She said the imports from China have increased from USD 60.41 billion in 2014-15 to USD 65.21 billion in 2020-21, exhibiting an increase of 7.94 per cent



over six years.

However, the imports were static between 2019-20 and 2020-21, she said.

“The Government has made sustained efforts to achieve a more balanced trade with China, including bilateral engagements to address the non-tariff barriers on Indian exports to China,” Patel said.

Schemes like the production-linked incentive scheme will help promote domestic manufacturing capacities and attract investment and reduce dependency on imports from China, the Minister said.