Boycotts and Ban: How is India's trade with China?
China constantly creates issues for india due to its aggressive policies, links between the two countries have deteriorated due to the ongoing dispute on the India-China borders, but these resistances have not had any effect on trade. According to a report, the trade between the two countries has reached $125 in 2021, which is 43.3% more than in 2020. This situation is when the armies of both countries came face to face in Eastern Ladakh. Boycott campaigns were also run by different associations to deny Chinese products and trade in the country.
Trade between india and china was historic in 2021 and more than 125 billion were traded between the two countries. The trade between india and china is $125.66 billion in 2021.
How much did trade with china increase?
According to data released by the General Administration of Customs (GAC) and China's official newspaper Global Times, China's exports to india were $ 97.52 billion in 2021, which is an increase of 46.2 percent. At the same time, china has imported goods worth $ 28.14 billion from india, which is more than 34.2 percent.
What is India's complaint with China?
Despite promises, china has not given indian companies access to sectors such as pharmaceuticals and information technology. According to the GAC, india was China's 15th largest trading partner in 2021. It is clear from this that the business has not been affected much due to the border dispute. India-China trade declined by 5.6 percent to $87.6 billion in 2020, the lowest since 2017. Once again indian trade with china is getting better.
