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India’s exports to China expected to reach all-time high this fiscal

 

According to an official communiqué, India’s exports to China are expected to reach an all-time high this fiscal given that the US-China trade spat is creating new opportunities for exporters. Besides, Beijing is removing some trade barriers in its effort to check the growing bilateral trade imbalance.

 

Between April and December 2018, exports were $12.7 billion, which is closer to the previous fiscal’s total exports of $13.33 billion.

 

The growth is driven primarily by marine products, organic chemicals, plastics, petroleum products, grapes and rice, reports said.

 

Source : Exim News Service - BEIJING, Feb. 10

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