India's China trade deficit balloons to $112bn despite curbs

India's China trade deficit balloons to $112bn despite curbs

India's trade deficit with China has surged from $44bn in 2020 to $112bn this year, even as diplomatic ties frayed after the 2020 Galwan clashes. Toys are a rare success: higher tariffs and quality controls cut Chinese import dependence and lifted exports. But India still relies on China for over 100 critical products, and the gap keeps widening.

Source: BBC

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