Indian exports to China rises sharply in first four months; Imports rise also
BEIJING: After years of decline, Indian exports to China rose sharply in the first four months of this year registering a 20 per cent increase to $5.57 billion, though the trade deficit continued to persist.
Indian exports received a major boost mainly due to China increasing the steel consumption by importing big quantity of iron ore as well as gems and diamonds besides cotton materials.
The India-China trade grew by six per cent to $26.02 billion from January to April this year, according to the data of China’s customs accessed by PTI here.
As per the data, the Indian exports have gone up to $5.57 billion, registering a 20 per cent increase. China’s exports to India too amounted to $20.45 billion, a 14 per cent raise.
Rahul Kumar – 2 days ago
Raw iron ore should never be sold to China. They’ll send that same back to India as finished iron and steel rods at ridiculously low prices and finish off our domestic iron and steel industry
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