India's Atmanirbhar Bharat mission gains momentum as imports from China declines sharply in 2020

India's Atmanirbhar Bharat mission gains momentum as imports from China declines sharply in 2020

Zee News

New Delhi: India-China bilateral trade in 2020 decreased by 5.64% Y-o-Y and stood at $87.65 billion compared to $92.89 billion in 2019, according to Union Commerce Ministry's recent data on India-China trade in 2020. Notably, Indian imports from China also dropped by 10.87% and stood at $66.78 billion compared to $74.92 billion in 2019.

"Good signs that Indian exports to China increased by 16.15% from $17.896 billion to reach $20.87 billion in 2020. This is the highest level ever for Indian exports to China and the first time they have crossed $20 billion," said the ministry.

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