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India’s imports from China rise in June and July
Why is it in news?
- India’s imports from China have risen to $5.6 billion in July, climbing for the second straight month.
Details:
- India’s imports from China had fallen to a record low of $3.2 billion both in April and May, coinciding with India’s lockdown on account of the pandemic.
- After seven months of this year, India’s imports from China reached $32.2 billion, down 24.7% year-on-year, largely because of the slump in April and May.
- Two-way trade, at $43.37 billion, continues to be heavily tilted in China’s favour.