India-China Trade Deficit Current Affairs, GK & News
Rise in India’s Bilateral Trade with China
As per Chinese government data, India’s bilateral trade with China has increased to 43.3 percent in 2021, despite India’s measures to reduce dependence on imports from China and increased emphasis on self-reliance. Key Points India’s imports from China increased to USD 97.5 billion in year 2021. In 2020, the import was USD 66.7 billion, which ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs - 2022 • International / World Current Affairs
Topics: India-China border dispute • India-China Relation • India-China Trade Deficit • Rise in India's Bilateral Trade with China • UPSC
India-China Trade in 2021
The trade between India and China was around 125 billion USD in 2021. India’s imports from China stood at 100 billion USD. Most of the import demands were in machinery. India – China Trade in 2021 India faced a trade deficit of 69.4 billion USD with China in 2021. This was 22% higher than the ..
Month: Current Affairs - January, 2022
Category: International / World Current Affairs
Topics: active pharmaceutical ingredient (API) • bilateral trade • Import and export • India-China Trade Deficit • oxygen concentrator • Semiconductor devices • Trade Deficit
China becomes India’s top Trade Partner
China has again become India’s top trading partner in the year 2020. The reason was that India was still dependent on the import of heavy machines, telecom equipment and home appliances from China. Highlights The provisional data from the trade between both the countries in the year 2020 stood at $77.7 billion. However, the trade ..
Month: Current Affairs - February, 2021
Category: International / World Current Affairs
Topics: India China relations • India-China border dispute • India-China Trade Deficit • India’s top Trade Partner • International Trade
CAROTAR Rules, 2020
CAROTAR is Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020. It came into force in September, 2020. These rules are set of guidelines that enforce the “rules of origin” for the rate on imports under Free Trade Agreements. What are CAROTAR rules? Under these rules, an importer is required to do due ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: ASEAN • CAROTAR • Customs duties • Dumping • Free trade agreements • india-asean • India-China Trade Deficit • Look East policy
Project to indigenize Li-ion battery technology for EVs
The IIT Hyderabad incubated start up Pure EV has signed a Memorandum of Understanding with CSIR-Central Electro Chemical Research Institute (CECRI). Under the agreement, the start up and CSIR are to undertake joint research to develop Lithium-Ion Battery technology for electric vehicles. This will help to indigenize Lithium-ion technology. Currently, India is importing Lithium cells ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs - 2022 • Government Schemes Current Affairs
Topics: Electric vehicles • Fame Phase-II • FAME-II • India-China Trade Deficit • lithium ion cell • Lithium-ion batteries • Memorandum of Understanding (MoU) • production linked incentive scheme • Recycling
India to receive 6,50,000 COVID-19 testing kits from China
The first lot of 3 lakh COVID-19 testing kits are to arrive from China on April 16, 2020. In another 2 weeks India will receive 2 to 3 million kits from China. India is buying 100,000 RNA extraction kits and 5,50,000 antibody testing kits from China. Highlights India has diversified its imports of COVID-19 testing ..
Month: Current Affairs - April, 2020
Category: International / World Current Affairs
Topics: Antibodies • Apis • India China • India-China Trade Deficit • PCR • Personal Protective Equipment (PPE) • Pharmaceuticals • rapid antibody testing • RNA extraction kit