India-China trade deficit outcome of New Delhi’s unrealised manufacturing ambitions | Geeta's World, Ep 90
· 44 min
Episode India-China trade deficit outcome of New Delhi’s unrealised manufacturing ambitions | Geeta's World, Ep 90
After a two-year gap, China has regained its position as India’s largest trading partner, surpassing the United States. According to the latest GTRI report, from FY19 to FY24, while trade with the US grew, increasing India's trade surplus, India's exports to China slightly decreased, and Chinese exports to India surged by almost 45%. Does this mean the trade balance heavily favours China, with India facing a trade deficit of over $85 billion? This trade growth persists despite India's trade and investment restrictions on China since the 2020 Galwan clashes. Indian politicians often discuss reducing reliance on Chinese imports and boosting domestic manufacturing. So, why can't India stop trading with China? In this episode of Geeta's World, our host, Anna Priyadarshini, and the foreign affairs editor at India Today, TV Today Network, Geeta Mohan, discuss! Listen in! Produced by Anna Priyadarshini Sound Mix by Sachin Dwivedi
Transcript
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