Import From China To India Decreased A Quarter Compared To Last Year

According to the latest trade data released on August 8 from China's General Administration of Customs,Imports from China has fell by 24.7.

The impact of the limited restriction being imposed on the tension and import of sugar goods in the Indian market between India and China has now been seen on the ground. According to the latest trade data released on August 8 from China's General Administration of Customs, China has dropped imports in India. Between January to July 2020, imports from China in India was $ 32.28 billion. It has fallen below 24.7% compared to January to July 2019. That is, so far this year, Chinese imports in India have fallen almost one-quarter. While in this period the total trade has declined by 18.6%.

Commerce Minister Piyush Goyal said during the talks with traders on August 8, "90% of the people in the mood of the nation pole said they want to use the goods formed in India. Those countries do not want to take the right to us. 90% people said In fact, after Chinese violence in Ladakh's Galvan Valley, India has banned Chinese imports in aggressive way. Limited restrictions on imports from Chinese companies in Power and Solar Energy Sector. Increasing customs duty to decide to compulsory to the government inspection of Chinese power equipment. Limited restrictions on imports of small color television sets, licensed mandatory. 

Limited restrictions on the import of tires and agarbattis on the Chinese app and introduced the production linked incentive scheme to reduce import dependence on China in mobile phone production.

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