Indian exports to China up by 40.69% in Jan-Aug period
BEIJING: India's exports to China, which have been showing signs of revival this year after years of slump, registered a 40.69 per cent rise year-on-year to reach $10.60 billion in the first seven months of 2017.
Fired by exports of zinc, iron ore and steel, total Indian exports to China registered a 38.6 per cent increase year-on-year in August this year totaling to $1.26 billion, the sharpest increase this year.
However, the trade deficit expanded to $44.51 billion in the first seven months despite surge in Indian exports as imports from China continue to increase.
The India-China bilateral trade increased 18.34 per cent year-on-year to reach $55.11 billion from January to August this year, according to official data accessed by here.
India's exports to China increased by 40.69 per cent year-on-year to reach $10.60 billion during the seven months. India's imports from China saw a year-on-year growth of 14.02 per cent to reach $44.50 billion.