Context
As per latest details, India and China trade reached record levels in 2023 despite a slowdown mid-year.
Key Highlights
Key-highlights of the trade details
A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as a negative balance of trade (BOT). |
Trade Items |
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India’s top exports to China |
India imports from China |
Diamonds, cotton yarn, iron ore, copper and organic chemicals. |
Electrical machinery and equipment, fertilizer, antibiotics and organic compounds. |
Why India’s trade with China is important?
Improvements in Relations
Tensions at LAC Despite the multiple rounds, and the informal meeting between the leaders on the sidelines of the BRICS summit in South Africa last year, talks remain deadlocked on at least two friction points at Demchok and Depsang. |
What are the other sources of contention between the two?
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