TruthTheOnlyDefense
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NEW DELHI: India's trade deficit with China is a matter of concern and efforts are being made to increase overall exports, commerce and industry minister Nirmala Sitharaman said.
India's trade deficit with China narrowed marginally to $51.08 billion in 2016-17 from $52.69 billion in 2015-16, Sitharaman informed the Lok Sabha. India's bilateral trade with China was $71.48 billion in 2016-17.
"Efforts are being made to increase overall exports by diversifying the trade basket with emphasis on manufactured goods, services, resolution of market access issues and other non-tariff barriers," she informed the lower house in a written reply.
India is discussing the issue of allowing greater access to Indian products and services in the Chinese market with its neighbour.
"This is done through bilateral meetings and institutional dialogues. Indian exporters are encouraged to participate in major trade fairs in China to show-case Indian products," she said.
Sitharaman said Prime Minister Narendra Modi has raised the issue with the Chinese authorities at the highest level and the government was working to reduce the trade deficit with China.
In a separate reply, the minister also listed out top 10 countries with which India's trade deficit has increased during the last three years and this fiscal. These include South Africa, Iran, Russia, Canada, Japan, Australia and China.
Further, she said many measures have been taken to overcome the overall trade deficit. These include implementation of Merchandise Exports from India Scheme, Services Exports from India Scheme, implementation of Niryat Bandhu Scheme, single window Interface for facilitating trade clearance project as part of ease of doing business, among others.
ANTI-DUMPING CASES
India has initiated 223 anti-dumping investigations between January 2012 and July 14 this year against various countries, with China topping the list with 62 such cases. In a written reply to the Lok Sabha, commerce and industry Minister Nirmala Sitharaman said that from time to time, the directorate general of anti-dumping and allied duties (DGAD) receives applications from domestic producers for imposition of the duty on various products.
"As on July 14, 2017, anti-dumping duty is on force in 141 cases and 54 more cases have been initiated," she said.
Indonesia, Malaysia and Thailand also figure in the list of countries on whose products India has imposed this duty to safeguard its domestic industry from surge in below-cost imports and to provide them with a level playing field.
Product categories on which the levy was imposed include chemicals, fibre boards, glass and glassware, pharmaceuticals and steel.
https://economictimes.indiatimes.co...n-nirmala-sitharaman/articleshow/59735997.cms
I noticed when I was in India that all the mobile phones are Chinese you get some smartphone from the big players like Samsung etc but many Indians go for the Chinese made phones.
You only have to look at the trade deficit to see that China rules the market in India.
So the question as above are the Indians slaves of the Chinese?
India's trade deficit with China narrowed marginally to $51.08 billion in 2016-17 from $52.69 billion in 2015-16, Sitharaman informed the Lok Sabha. India's bilateral trade with China was $71.48 billion in 2016-17.
"Efforts are being made to increase overall exports by diversifying the trade basket with emphasis on manufactured goods, services, resolution of market access issues and other non-tariff barriers," she informed the lower house in a written reply.
India is discussing the issue of allowing greater access to Indian products and services in the Chinese market with its neighbour.
"This is done through bilateral meetings and institutional dialogues. Indian exporters are encouraged to participate in major trade fairs in China to show-case Indian products," she said.
Sitharaman said Prime Minister Narendra Modi has raised the issue with the Chinese authorities at the highest level and the government was working to reduce the trade deficit with China.
In a separate reply, the minister also listed out top 10 countries with which India's trade deficit has increased during the last three years and this fiscal. These include South Africa, Iran, Russia, Canada, Japan, Australia and China.
Further, she said many measures have been taken to overcome the overall trade deficit. These include implementation of Merchandise Exports from India Scheme, Services Exports from India Scheme, implementation of Niryat Bandhu Scheme, single window Interface for facilitating trade clearance project as part of ease of doing business, among others.
ANTI-DUMPING CASES
India has initiated 223 anti-dumping investigations between January 2012 and July 14 this year against various countries, with China topping the list with 62 such cases. In a written reply to the Lok Sabha, commerce and industry Minister Nirmala Sitharaman said that from time to time, the directorate general of anti-dumping and allied duties (DGAD) receives applications from domestic producers for imposition of the duty on various products.
"As on July 14, 2017, anti-dumping duty is on force in 141 cases and 54 more cases have been initiated," she said.
Indonesia, Malaysia and Thailand also figure in the list of countries on whose products India has imposed this duty to safeguard its domestic industry from surge in below-cost imports and to provide them with a level playing field.
Product categories on which the levy was imposed include chemicals, fibre boards, glass and glassware, pharmaceuticals and steel.
https://economictimes.indiatimes.co...n-nirmala-sitharaman/articleshow/59735997.cms
I noticed when I was in India that all the mobile phones are Chinese you get some smartphone from the big players like Samsung etc but many Indians go for the Chinese made phones.
You only have to look at the trade deficit to see that China rules the market in India.
So the question as above are the Indians slaves of the Chinese?
and affordable price for average Indians also this prove Indians in general love Chinese 
