India flags high trade deficit in policy review meet of China in WTO

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India flags high trade deficit in policy review meet of China in WTO - Business Standard

Quick Summary:

India has flagged its concerns over high trade deficit and non-transparent subsidies of China in a meeting at the World Trade Organisation (WTO), Geneva, stating those measures impact domestic industry, an official said.

India's exports to China in 2023-24 stopped at USD 16.65 billion, while imports aggregated at USD 101.75 billion, leaving a trade deficit of over USD 85 billion.

Participating at the WTO's trade policy review meeting of China this week, India hoped that China will support issues concerning the Global South.