India’s trade deficit with China down from $63.05 billion to $44.02 billion in FY20-21: Govt

New Delhi: India’s trade deficit with China has declined from 63.05 billion US dollars in 2017-18 to 44.02 billion US dollars in the financial year 2020-21. This was stated by the Minister of State for Commerce and Industry Anupriya Patel in a written reply in the Rajya Sabha today.

The Minister said, 65.21 US billion dollars worth of imports were made from China whereas India exported 21.19 US billion dollars worth of goods to China. She said, the major items of exports to China are engineering goods, electronic goods, marine products, organic and petroleum products among others.

The Minister said, the government has made sustained efforts to achieve a more balanced trade with China. She said, the government also launched the Production Linked Incentive scheme to promote domestic manufacturing capacities in various sectors.