India’s trade deficit with China swells to $51.9 billion in 2015


NEW DELHI: India’s trade deficit with China increased to $51.86 billion in 2015, Parliament was informed on Monday.

“Increasing trade deficit with China can primarily be attributed to the fact that Chinese exports to India rely strongly on manufactured items meeting the demand of fast-expanding sectors like telecom and power while India’s exports to China are characterized by primary products, raw material and intermediate products,” commerce and industry minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

She said India’s trade deficit with China stood at $51.86 billion, with a bilateral trade of $71.22 billion in 2015. During this period, India’s exports to China came in at $9.68 billion while imports were $61.54 billion.