India wants to loosen import reliance on China, but it’s ‘becoming worse’

  • China’s exports to India increased by 31 per cent to US$89.6 billion in the first nine months of this year, compared to the same period in 2021
  • India is attempting strategic decoupling from China, while trying to boost domestic manufacturing and capitalise on global investors’ efforts to diversify
  • India’s trade with China is thriving despite efforts to reduce reliance on its neighbour and bolster its own manufacturing base.
  • China’s exports to India increased by 31 per cent to US$89.6 billion in the first nine months of this year, compared to the same period in 2021, according to data from China’s General Administration of Customs.
  • Indian exports to China – its largest trading partner, according to Beijing – declined by 36.4 per cent in the same period, falling to US$13.9 billion between January and September.
  • Bilateral trade, meanwhile, is on track to exceed the previous high of US$125.6 billion last year, and was valued at US$103.6 billion in the first nine months.
  • India’s trade with China is thriving despite efforts to reduce reliance on its neighbour and bolster its own manufacturing base.
  • China’s exports to India increased by 31 per cent to US$89.6 billion in the first nine months of this year, compared to the same period in 2021, according to data from China’s General Administration of Customs.
  • Indian exports to China – its largest trading partner, according to Beijing – declined by 36.4 per cent in the same period, falling to US$13.9 billion between January and September.
  • Bilateral trade, meanwhile, is on track to exceed the previous high of US$125.6 billion last year, and was valued at US$103.6 billion in the first nine months.

Source: China Macro Economy

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