Dependency on Imports from China

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..... Dependency on Imports from China
News and Press Release
Dated:- 12-12-2011

Press Information Bureau Government of India Ministry of Commerce & Industry 12-December-2011 16:00 IST Government has not made any study regarding dependency of Indian Manufacturing Sector on imports from China. Government, however, has been conscious of widening trade deficit with China. Government has .....

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..... made concerted efforts to improve the rate of growth of manufacturing sector and making it globally competitive. Some of the measures, which have been taken to improve the competitiveness of domestic industry among, others include creation of world class infrastructure, promotion and facilitation of industrial investment including the foreign direct investment, improvement in business environment .....

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..... ; development of industry relevant skills etc. India's trade with China and its share as percentage to India's global trade in the current year so far and preceding two years is indicated in the table below: (in US$ Billion) World Trade Trade with China Year Export Import Trade balance Export Import Trade balance %of total Indian export %of total Indian import 2009-2010 178.8 288. .....

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..... 4 -109.6 11.6 30.8 -19.2 6.5 10.7 2010-11 252.3 346.9 -94.6 19.4 39.8 -20.5 7.7 11.5 2011-2012 (Apr-Jul) 111.2 158.0 -46.8 5.6 18.2 -12.6 5.1 11.5 Information regarding profit made by China in trade with India is not maintained. Government has been taking initiatives to make Indian industry globally competitive so that trade and current account deficits are maintained at .....

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..... sustainable levels. As a WTO member, India can also impose antidumping or safe guard duty on products imported from any country that are either dumped in Indian market or threaten India's domestic industry with injury. This information was given by Shri Jyotiraditya M Scindia, Minister of State for Commerce and Industry, in a written reply in the Lok Sabha today. DS/GK
News - Press release .....

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..... - PIB .....

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