Union Minister of Commerce released a study by the Department of Commerce on 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.
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