The India-China trade, which in recent years rose sharply despite bilateral tensions over the border dispute, showed the first signs of a slowdown in years falling by 0.9 per cent in the first half of this year. This came as China’s overall foreign trade declined by about five per cent as its economy struggled to … Read more
India’s trade with China has declined in the first half of 2023 after more than two years of record growth. Image used for representation purpose only. File | Photo Credit: K.K. Mustafah India’s trade with China declined in the first half of 2023 after more than two years of record growth, part of a broader … Read more
Electric vehicles by various manufacturers on display in Thiruvananthapuram. File | Photo Credit: Mahinsha S Manufacturing of electric vehicles (EVs) in India will increase its dependence on China for raw materials, mineral processing, and battery production, according to a report of by economic think tank GTRI. The Global Trade Research Initiative (GTRI) also said that … Read more
China’s economic slowdown has had a peculiar impact on its trade with India. It is buying less from India but is selling more than before. The January-August 2022 trade data confirms this trend. China’s share in India’s exports has come down from 6.5% in January-August 2021 to 3.5% in January-August 2022. Its share in India’s … Read more
China on Tuesday insisted that it is still India‘s biggest trade partner in 2021-22 as per its figures and attributed the “disparity” to different methods of calculating the trade volume by New Delhi and Beijing while referring to reports that the US has unseated it to take the top slot. “According to the statistics of … Read more
While engineering goods exports from India to most key nations recorded high double-digit growth in June mirroring global trade recovery, shipments to China, Singapore and Malaysia fell sharply during this period, said a media release issued by EEPC India on Friday. Exports to China, world’s largest buyer of raw material, in value terms declined 33% … Read more
China replaced the UAE as the second largest export destination for India in fiscal 2021, with outbound shipments to the neighbouring country rising 27.53% to $21.18 billion in the pandemic year. The US remained the country’s top export partner, according to government data, but shipments declined 2.78% to $51.63 billion in a year when India’s … Read more