India's Export Surge: Navigating New Horizons with China

India's exports to China rose by 67.35% to USD 2.04 billion in December, driven by shipments of electronics and marine products. While imports from China increased by 20%, the trade deficit reached USD 81.71 billion. Significant growth was seen in exports of oil meals, telecom instruments, and spices.

India's export figures to China witnessed a significant climb, marking a 67.35% increase to USD 2.04 billion in December. This uplift, as revealed by Commerce Ministry data, was fueled by advances in sectors such as electronics and marine exports.

Commerce Secretary Rajesh Agrawal lauded the development as 'welcome growth,' noting substantial contributions from products like populated printed circuit boards and marine products, including black tiger shrimp and Vannamei shrimp. Meanwhile, imports from China grew by 20% to USD 11.7 billion, underscoring a strategic dependence between the trading partners.

Over the nine-month fiscal period, exports surged by 36.7% to USD 14.24 billion, though the burgeoning trade deficit with China capped at USD 81.71 billion. While China remains a vital trading ally, second only to the US, India's export momentum continues to chart robust growth through diversified sectors.

(With inputs from agencies.)