India’s trade deficit with China at $46.7 bn in April-February: Nirmala Sitharaman tells Rajya Sabha

By: |
New Delhi | April 5, 2017 6:52 PM

India's trade deficit with China was recorded at USD 46.7 billion during the April-February period of the last fiscal, Parliament was informed today.

India’s exports to China grew by 8.69 per cent to USD 8.94 billion while imports from the neighbouring nation declined by 2.26 per cent to USD 55.63 billion. (Reuters)

India’s trade deficit with China was recorded at USD 46.7 billion during the April-February period of the last fiscal, Parliament was informed today. Overall trade with China during the 11-month period decreased marginally by 0.87 per cent to USD 64.57 billion, Commerce and Industry Minister Nirmala Sitharaman informed the Rajya Sabha. During this period, India’s exports to China grew by 8.69 per cent to USD 8.94 billion while imports from the neighbouring nation declined by 2.26 per cent to USD 55.63 billion, resulting in a shrinkage of 4.1 per cent in India’s trade deficit with China, she said in a written reply to a question.

She said both sides have signed a Five-Year Development Programme for Economic and Trade Cooperation in order to lay down a medium-term roadmap for promoting balanced and sustainable development of economic and trade relations. Replying to a separate question, she said after the launch of the ‘Startup India Action Plan’ in January 2016, 742 startups have been recognised by the ministry.

You may also like to watch this video

On another question on soap, she said technically uniform sphericity and particle size of microbeads create a ball- bearing effect in soaps, skin cream and lotions, enhancing a silky texture, spreadability, smoothness and roundness in the feel. “Regarding harmful effects, the issue is before the National Green Tribunal for adjudication which is being perused by the Ministry of Environment, Forest and Climate Change,” she added.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1West Bengal CM Mamata Banerjee barred from campaigning for 24 hrs
2No limit on devotees in Nizamuddin Markaz if no such restrictions at other religious places: Delhi HC
3Sunanda Pushkar death case: Delhi court reserves order on framing of charges against Shashi Tharoor