business increased by 62 percent
Despite the sour in bilateral relations, there has been a sharp jump in mutual trade between India and China. According to data released by China, bilateral trade in the first half of the current calendar year (January-June 2021) increased by 62.7 percent to $ 57.48 billion compared to the same period last year.
Beijing, Pretr. Despite the souring in bilateral relations due to tension on the border, there has been a sharp jump in mutual trade between India and China. According to data released by China, bilateral trade in the first half of the current calendar year (January-June, 2021) increased by 62.7 percent to $ 57.48 billion compared to the same period last year.
This is the highest half yearly figure in recent years. However, during this period, India’s exports to China increased by 69.6 percent as compared to the same period last year. But the main concern of India is the trade deficit (imports being more than exports), which has reached 55.6 percent in the period under review.
According to the data, India’s exports to China increased to $ 14.724 billion during the period under review. But in the same period, its imports from China increased by 60.4 percent to $ 42.755 billion. According to the data, China’s gross business reached about $ 2.79 trillion in the quarter under review.