India Reduces Imports From China By 13 Per Cent; Increases Exports By 16 Per Cent In Jan-Nov 2020Prime Minister Narendra Modi with China’s President Xi Jinping (PRAKASH SINGH/AFP/Getty Images)

Amidst the border standoff across the Line of Actual Control (LAC), Chinese custom data highlights that the middle kingdom’s exports to India fell by 13 per cent from January-November 2020, Times of India reports.

In contrast, India's exports to China grew by 16 per cent in that period.

The trade between the two nations was worth $78 billion in the first 11 months of this year, a drop from the figure of $92.68 billion in 2019. Furthermore, India’s trade deficit with China fell by $20 billion to $40 billion in January-November 2020.

China exported $59 billion worth of goods to India between the aforementioned period, thus recording a 13 per cent decline. On the other hand, their imports from the Narendra Modi-led country rose by 16 per cent to $19 billion.

Many in India have launched a movement to boycott Chinese goods, following the latter's unilateral and unprovoked aggression along the Line of Actual Control. Over 200 Chinese mobile apps have been banned in India, including popular ones such as Tiktok and PUBG.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement