Chinese trade surplus may increase by 10 % : ASSOCHAM
Updated: Apr 27, 2013 05:33:40pm
New Delhi, Apr 27 (KNN) Chinese trade surplus with India may increase by 10 per cent to USD 44 billion by the end of the current year according to an ASSOCHAM analysis of bilateral trade.
“Chinese stake in the growing Indian market is increasing massively and the current annual trade surplus of over USD 40 billion may touch USD 44 billion at the end of the current year,” said ASSOCHAM
Further, it said that against its mammoth imports of USD 50 billion from China alone, India’s exports of merchandise goods were far short at USD 12.41 billion during April-February, 2012-13 to that country. For the fiscal 2012-13 as a whole while imports from China may well exceed USD 57 billion though, India’s exports to that country may not exceed USD 14 billion.
Electronics, machinery, precious pearls and other commodities are the principal items of import from China.
China alone accounts for over 11 per cent of India’s total imports. (KNN)
“Chinese stake in the growing Indian market is increasing massively and the current annual trade surplus of over USD 40 billion may touch USD 44 billion at the end of the current year,” said ASSOCHAM
Further, it said that against its mammoth imports of USD 50 billion from China alone, India’s exports of merchandise goods were far short at USD 12.41 billion during April-February, 2012-13 to that country. For the fiscal 2012-13 as a whole while imports from China may well exceed USD 57 billion though, India’s exports to that country may not exceed USD 14 billion.
Electronics, machinery, precious pearls and other commodities are the principal items of import from China.
China alone accounts for over 11 per cent of India’s total imports. (KNN)
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