TRADE WAR AND OPPURTUNITIES FOR INDIA

June 17, 2019

According to a study by the Commerce Ministry, the ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many as 350 products.

Key highlights of the study:

Both the US and China are imposing heavy import duties on each other's products, which has triggered a trade war kind of situation.
The ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries.
As much as 151 domestic products including diesel, X-ray tubes and certain chemicals have an outright advantage to displace the US exports to China. Similarly, 203 Indian goods like rubber and graphite electrodes have the advantage to displace Chinese exports to the US.
The Indian products which can tap the Chinese market include copper ores, rubber, paper, paperboard, equipment for transmission voice/data in a wired network, tunes and pipes.
The Indian products which can grab exports opportunities in the US market include industrial valves, vulcanised rubber, carbon or graphite electrodes and natural honey.