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Trade deficit with China
Why is it in news?
- According to government data, the trade deficit between India and China in April-June this fiscal year fell to $5.48 billion from $13.1 billion a year earlier.
Details:
- Bilateral trade between the countries too dipped to $16.55 billion during the first three months of 2020-21 from $21.42 billion.
- Centre had worked to “balance trade with China by increasing exports to China and reducing our imports from China.