2022-23 trade deficit with China crossed  billion by January

2022-23 trade deficit with China crossed $71 billion by January

India’s trade deficit with China touched $71.56 billion in the first ten months of 2022-23. Image for representation | Photo Credit: Getty Images India’s trade deficit with China has touched $71.56 billion in the first 10 months of 2022-23, just $1.7 billion short of the record high of $73.31 billion in 2021-22, as per data […]

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EVs will increase India’s dependence on China for raw materials, battery production: GTRI report

EVs will increase India’s dependence on China for raw materials, battery production: GTRI report

Electric vehicles by various manufacturers on display in Thiruvananthapuram. File | Photo Credit: Mahinsha S Manufacturing of electric vehicles (EVs) in India will increase its dependence on China for raw materials, mineral processing, and battery production, according to a report of by economic think tank GTRI. The Global Trade Research Initiative (GTRI) also said that […]

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India’s imports from China surge to record high in first nine months of year

India’s imports from China surge to record high in first nine months of year

India imported $89.66 billion worth of goods from China in the first nine months of 2022, the highest on record for three quarters in any year. Two-way trade has crossed $100 billion India imported $89.66 billion worth of goods from China in the first nine months of 2022, the highest on record for three quarters […]

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