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: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: 

Category: 

Topics: 

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: 

Category: 

Topics: