EconomyHow India became dangerously addicted to Chinese imports

Higher tariffs and quality controls helped India cut its dependence on Chinese toys, but the sector is a rare exception in an otherwise worsening trade imbalance. India’s deficit with China has grown from $44bn in 2020 to $112bn this year, while China supplies more than 30% of its industrial imports and critical components, machinery and chemicals. Narendra Modi and Xi Jinping have pledged to address the structural imbalance and supply-chain problems.

IndiaChinatrade deficitsupply chains

BBBC News★★★★☆2026-10-05 01:42Original