Despite growing hostilities on the border, trade with China has risen to over અર 125 billion
Despite decades of bitterness, trade between India and China continues to grow. According to China, trade between the two countries reached 125 125 billion in 2021, an increase of 43.3 percent over the previous year. It is also disturbing that China is still India’s biggest trading partner, surpassing the US.
Despite decades of bitterness in bilateral relations, trade between India and China has crossed a record 125 125 billion in 2021, China’s customs data reported on Friday. Bilateral trade between India and China was 125 125.66 billion in 2021, an increase of 43.3 per cent over 2020. Bilateral trade was 87 87.6 billion in 2021.
According to data released by the General Administration of Customs (GAC) and tabloid, Global, China’s exports to India in 2021 stood at 97 97.52 billion, an increase of 46.2%, while China imported. 28.14 billion worth of goods from India, which were imported. . 34.2 percent more.
India has complained that despite promises, China has not allowed Indian companies to enter sectors such as pharmaceuticals. According to GAC, India was China’s 15th largest trading partner in 2021. According to a Global Times report, “Analysts attributed the increase in trade to complementary aspects of the two countries’ industrial chains. For example, about 50-60 per cent of the chemicals and other ingredients used by the Indian pharmaceutical industry come from China. Imported.”