India’s reliance on Chinese goods surged in 2021
The Hindu
Shipments of finished electronics to intermediate chemicals from China rose sharply, lifting imports to a record $97.5 bn
India imported $16 billion more of its key top 100 imports from China in the last year, an increase of almost two-thirds from the previous year, an analysis of trade figures shows, underlining deepening dependencies on many crucial imports.
India’s total imports from China crossed a record $97.5 billion last year, making up a large chunk of the bilateral trade that reached $125 billion, for the first time crossing the $100 billion-mark, figures released earlier this month by China’s General Administration of Customs (GAC) showed.
Of the 8,455 different types of items imported from China between January and November of last year, a staggeringly diverse list covering everything from a range of chemicals and electronics to auto components and textiles, 4,591 showed an increase, according to an analysis of India’s Ministry of Commerce data.