Current Affairs
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India’s trade deficit with China dips

  • Posted By
    10Pointer
  • Categories
    World Affairs
  • Published
    7th Jul, 2020
  • India’s trade deficit with China fell to $48.66 billion in 2019-20 due to decline in imports.
  • The trade deficit stood at $53.56 billion in 2018-19 and $63 billion in 2017-18

               (Trade Deficit = Total Value of Imports – Total Value of Exports)

  • Measures taken by the Indian government to reduce the widening trade deficit with China:
    • It is framing technical regulations and quality norms for several products to reduce dependence on Chinese imports.
    • It has imposed anti-dumping duties on goods, which are being dumped in the domestic market at below the average prices from China.
    • Government tightened norms for FDI coming from countries which share a land border with India.