INDIA-CHINA TRADE

Report Summary:

• The report has tried to analyse the magnitude, extent and plausible reasons of India's rising trade deficit with China, which stood at about USD 63 billion in 2017-18.
  
  
• This analysis helps in studying whether an FTA or tariff concessions by China to India can be beneficial in increasing India's exports to China.
  
  
• Most of the industry associations want the government to pursue a defensive approach and raise customs duties while negotiating free trade agreements (FTAs).
  
  
• There are opportunities arising for India out of US - China trade standoff. There is potential for India to fill in the gaps left by America in the Chinese market.