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