Nifty99000 100%

Sensex99000 100%

Article rating: 4.4
Tags:
Article rating: 5.0
Tags:
Article rating: 5.0
Tags:
Article rating: 5.0
Tags:
Article rating: 5.0
Tags:
Article rating: 5.0
Tags:
Article rating: No rating
Tags:
Article rating: 5.0
Tags:
Article rating: 5.0
Tags:
Article rating: 5.0
Tags:
Article rating: 5.0
Tags:
Article rating: No rating
Tags:
Article rating: 5.0
Tags:
Article rating: No rating
Tags:
Article rating: 4.2
Tags:
Article rating: 5.0
Tags:
RSS

News

India’s imports from China decelerating: Report

Author: PTI/Wednesday, April 10, 2019/Categories: Economy

India’s imports from China decelerating: Report

New Delhi - India's imports from China stood at USD 60 billion during the April-January period of 2018-19 fiscal, a deceleration of 5 per cent over the corresponding period a year ago, PHD Chamber of Commerce said.

According to the chamber, India's trade deficit with China also eased to USD 46 billion in April-January 2019 from USD 53 billion in the same period a year ago.

"Despite substantial volume of imports from China, of lately, India's import growth from China shrunk from 24 per cent during April to January 2018 to (-) 5 per cent during April-January 2019," PHD Chamber of Commerce and Industry secretary general Mahesh Reddy said.

Commerce ministry data showed India's export to China totalled USD 13.8 billion whereas its imports from the neighbouring country stood at USD 60.1 billion during the April-January period.

Indian shipments to China totalled USD 13.33 billion in 2017-18 (April-March), whereas the country's imports from China stood at USD 76.38 billion in the period.

The chamber said India has seen a major breakthrough in its exports to China during the last few months whereas imports of Chinese products in India are decelerating.

Its exports to China grew 31 per cent in April-January 2019, increased from USD 10 billion in April-January 2018 to USD 14 billion in April-January 2019, Reddy said.

Although the trade deficit with China is substantial, given the recent trends and amendments in the foreign trade policy 2015-20, the volume of trade deficit is expected to ease in the coming years, he added.

Over the past decade, China has been able to enhance its footprint in India to a greater extent. However, the trend has seen a reversal in the April-Jan 2018-19, the chamber said.

Print Rate this article:
No rating

Number of views (263)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free