The full-scale trade spat between the United States of America and China will have big repercussions in India. China is India’s biggest trading partner and accounts for two-way trade valued at $89.7 billion in 2017-18 — over $15.2 billion more than the second-placed US. But India imported goods worth $76.4 billion from China and exported a piffling $13.3 billion, leaving a yawning trade deficit of $63 billion in China’s favour. A close look at imports from China will show why there is cause for worry. The growth rates in imports from China in these categories have ranged between 20 and 30 per cent.

Source: The Telegraph October 15, 2018 21:33 UTC