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HomeEconomy and FinanceChina agrees to increase imports from India this year, announces Suresh Prabhu

China agrees to increase imports from India this year, announces Suresh Prabhu

With India's export to China expected to grow, the trade deficit with country is set to come down

In an event organised by the Confederation of Indian Industries (CII) on Friday, India’s trade minister Suresh Prabhu announced that China has agreed to increase its imports from the country. “Chinese authorities will hold a meeting in November this year, specifically with Indian exporters to address their concerns relating to market access and trade regulations,” said Prabhu.

The union trade and commerce minister also mentioned that global disruptions offer a chance to increase Indian exports.

It can be noted that with large amounts of electronics and other items flowing across the border from its northern neighbour, India’s trade deficit with China is its widest with any country.

India is now all set to boost exports of rice and rapeseed to China to try to narrow down export gaps, said the Indian government on Thursday.

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