Home Business Trade deficit with China dips to $5.5 bn

Trade deficit with China dips to $5.5 bn


The trade deficit between India and China in April-June this fiscal year fell to $5.48 billion from $13.1 billion a year earlier, Parliament was informed on Wednesday.

In a written reply, Commerce and Industry Minister Piyush Goyal said bilateral trade between the countries too dipped to $16.55 billion during the first three months of 2020-21 from $21.42 billion. He said the Centre had worked to “balance trade with China by increasing exports to China and reducing our… imports from China.”

In a separate reply, the Minister said currently, about 550 products were under the restricted/prohibited category for imports.

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.


A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.


We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link