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Chart of the Day | India’s exploding trade deficit with China

The accompanying chart shows how India’s trade deficit with China has gone up by leaps and bounds. The deficit went up from less than a billion dollars in 2001 to a massive $63 billion in 2017-18. Between 2013-14 and 2017-18, the deficit went up almost 75 percent. Imports from China accounted for around three percent of total imports in 2000-01, but it expanded to 16.4 percent of total imports in 2017-18. In FY18, China accounted for 39 percent of our overall trade deficit. The government has taken some steps such as imposing anti-dumping duties and talking with the Chinese […]

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