India has seen its trade deficit with China quadruple in the past decade – from $16 billion in 2007-08 to nearly $63 billion in 2017-18 – despite its best efforts to increase exports and reduce the imbalance.
Can India now take advantage of the ongoing US-China trade war to step up exports as Beijing explores the possibility of expanding trade ties with emerging economies to make up for the loss of US market?
The US-China trade war has thrown up export opportunities for India, but there are challenges to harnessing those opportunities, say experts.
Over the last few months, the Donald Trump administration has put up tariff barriers to Chinese exports worth more than $250 billion, provoking the latter to hit back with retaliatory tariffs on key American exports like cotton, soybean, maize, chemicals and petrochemicals. Read More