India’s exports to China have increased about 34 per cent to USD 22.9 billion in 2021 from USD 17.1 billion in 2019, according to data from the commerce ministry. Imports, on the other hand, rose 28 per cent to USD 87.5 billion in 2021 as against USD 68.4 billion in 2019.
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According to the data, the trade deficit has increased to USD 64.5 billion last year compared with USD 51.2 billion in 2019.
Trade experts have stated that India’s exports to China have increased at a faster pace than that of its imports from China in 2021 when compared with the average year of 2019.
Khalid Khan, vice-president of the Federation of Indian Export Organisations, said the colossal export potential for Indian exporters in China.
