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India voices concern to China over large trade deficit
Nov 08, 2018

India on Tuesday voiced its concern to China over the large trade deficit with it which has climbed to over USD 51 billion, and underlined the need to boost bilateral trade in IT services, agriculture products, pharmaceuticals and tourism sectors in which it has proven strength and global presence but miniscule presence here. 
 
The bilateral trade between India and China rose by 18.63 per cent year-on-year and reached a historic high of USD 84.44 billion last year. But the trade deficit too continue to remain high at USD 51.75 billion in 2017. 
 
Commerce Secretary Anup Wadhawan, who is visiting Shanghai to attend the China International Import Expo (CIIE) here, met Wang Shouwen Vice Minister of China's Commerce Minister and discussed bilateral trade issues.
    

economictimes.indiatimes.com

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