{"id":222523,"date":"2023-01-14T19:21:56","date_gmt":"2023-01-14T13:51:56","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=222523"},"modified":"2023-01-14T19:21:56","modified_gmt":"2023-01-14T13:51:56","slug":"indias-trade-deficit-with-china-races-beyond-100-bn","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/indias-trade-deficit-with-china-races-beyond-100-bn\/","title":{"rendered":"India\u2019s trade deficit with China races beyond $100 bn"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201cIndia\u2019s trade deficit with China races beyond $100 bn\u201d <\/b><span style=\"font-weight: 400;\">published in <\/span><b>The Hindu <\/b>on<b> 13th January 2023.<\/b><\/p>\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">India\u2019s trade deficit with China has crossed $100 billion for the first time in 2022.<\/span><\/p>\n<h5><b>What is Trade Deficit?<\/b><\/h5>\n<p><a href=\"https:\/\/forumias.com\/blog\/indias-trade-deficit-surges-to-over-31-bn-what-is-trade-deficit-is-it-bad\/\"><b>Click Here to read<\/b><\/a><\/p>\n<h5><b>About Trade Deficit between India and China<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">Trade deficit for India stood at $101.02 billion, crossing the 2021 figure of $69.38 billion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">China\u2019s exports to India rose 21.7% on a year-on-year (YoY)\u00a0 basis to $118.5 billion. During 2022, China\u2019s imports from India fell to $17.48 billion.<\/span><\/p>\n<h5><b>Why is the trade deficit with China growing?<\/b><\/h5>\n<p><b>The growth of the trade deficit with China could be attributed to two factors: 1<\/b><span style=\"font-weight: 400;\">) A narrow basket of commodities mostly primary, that India export to China and <\/span><b>2)<\/b><span style=\"font-weight: 400;\"> Market access impediments for most of India&#8217;s agri products and the sectors where India is competitive such as pharma, IT\/ITES.<\/span><\/p>\n<h5><b>Why are India\u2019s imports from China rising?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">According to experts, a large part of the import growth is being driven by the rise in chemicals and engineering equipment including electrical &amp; non-electrical instruments. This reflects rising demand from a reviving manufacturing sector in India.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cIndia\u2019s trade deficit with China races beyond $100 bn\u201d published in The Hindu on 13th January 2023. What is the News? India\u2019s trade deficit with China has crossed $100 billion for the first time in 2022. What is Trade Deficit? Click Here to read About Trade Deficit&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/indias-trade-deficit-with-china-races-beyond-100-bn\/\">Continue reading <span class=\"screen-reader-text\">India\u2019s trade deficit with China races beyond $100 bn<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,9],"tags":[10498],"class_list":["post-222523","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-public","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/222523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=222523"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/222523\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=222523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=222523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=222523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}