Published on Apr 29, 2024
Current Affairs
Global Trade Research Initiative
Global Trade Research Initiative

♦ According to the Global Trade Research Initiative (GTRI) report, India's dependence on Chinese industrial goods rose to 30% from 21% in the last 15 years. The goods include telecom, machinery and electronics.

♦ From 2019 to 2024, India's exports to China have stagnated at around $16 billion annually, while imports from China have surged from $70.3 billion in 2018-19 to over $101 billion in 2023-24, resulting in a cumulative trade deficit exceeding $387 billion over five years.

♦ In 2023-24, India's total merchandise imports amounted to $677.2 billion, with $101.8 billion of that coming from China.