India's trade deficit has also come down to $ 48.66 billion in FY 2019-20 due to declining imports from India's neighboring country. According to the data, China had exported $ 16.6 billion to India in the last financial year, while China Imports from India stood at $ 65.26 billion. The trade deficit between the two countries was $ 53.56 billion in 2018-19 and $ 63 billion in 2017-18.

For your information, let us tell you that imports from China mainly include watches, musical instruments, toys, sporting goods, furniture, mattresses, plastic goods, electrical machines, electronic equipment, chemicals, iron and steel goods, Fertilizers, mineral oils and metals are included. India has, from time to time, expressed concern over the growing trade deficit with China. The government is also taking several steps to reduce dependence on imports from China, such as creating technical regulations and many products. Setting quality standards for. In addition, the government has imposed endi-dumping duty on many goods coming from China in the domestic market. Through anti-dumping duty, the government protects the interests of domestic producers from cheap imports.

Let us tell you that 371 products have been identified for technical regulation. Technical regulation has also been prepared for 150 products out of which import value is about $ 47 billion. 50 quality control in last one year. Orders and technical regulations have been notified and include electronic goods, toys, air conditioners, bicycle parts, chemicals, safety glasses, pressure cookers, steel items, electrical items such as cables, etc.

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