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Indian Exports To China Witness Growth: Centre
She said that the trade with China was USD 87.07 billion in 2018-19, which registered a decline in 2019-20 to USD 81.87 billion, and was USD 86.40 billion in 2020-21.
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The exports from India to China have increased from USD 13.33 billion in 2016-17 to USD 21.19 billion in 2020-21, exhibiting growth, said Minister of State in the Ministry of Commerce and Industry, Anupriya Patel, in a written reply in the Rajya Sabha.
She said that the trade with China was USD 87.07 billion in 2018-19, which registered a decline in 2019-20 to USD 81.87 billion, and was USD 86.40 billion in 2020-21.
According to the statement, the centre has also taken measures in the form of trade remedies (Anti-dumping, countervailing duty etc.) against unfair trade practices and formulated technical regulations and also issued quality control orders to check substandard imports.
The government has also launched schemes such as Production Linked Incentive Schemes (PLIs) to promote domestic manufacturing capacities in critical sectors such as key starting materials(KSMs)/ drug intermediates(DIs), active pharmaceutical ingredients (APIs), domestic manufacturing of medical devices and for pharmaceuticals etc. These schemes will promote domestic manufacturing capacities and attract investment and reduce dependency on imports from China, as per the statement.