Indian Economics Thread II
- Thread starter NiuBiDaRen
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At least some voices in India is actually wakeful enough.
Although, at present, their voices are still too small and too dispersed among the oceans of "Akhand Bharat!" to be impactful enough.
The most shocking thing I learned from the world hunger index was that the situation actually worsened between 2014 and now. I think that made the Modi fanboys more furious.
Well done...keep boycotting Chinese products, Jai Hind!
Beijing October 26, 2022 19:53 IST Updated: October 26, 2022 21:18 IST
India imported $89.66 billion worth of goods from China in the period, the highest on record for three quarters in any year. Trade stood at $68.46 billion at the end of after Q3 of 2021, which was itself a record high. | Photo Credit: AP
India’s imports from China have risen 31% for the nine months ended September, propelling two-way trade past $100 billion and the trade deficit to a record high.
India imported $89.66 billion worth of goods from China in the period, the highest on record for three quarters in any year. Imports stood at $68.46 billion at the end of Q3 of 2021, which was itself a record high.
India’s exports to China in the first nine months of this year were, however, down by as much as 36.4% at $13.97 billion, data from China’s General Administration of Customs (GAC) showed. The trade deficit in the period grew to $75.69 billion.
Bilateral trade is on track to surpass last year’s record figure, but so is the deficit. In 2021, trade crossed $100 billion for the first time, reaching $125.6 billion. India’s imports accounted for bulk of the trade, reaching a record high of $97.5 billion, which is almost certainly set to be exceeded this year.
The rising trade volume this year underlines India’s continued demand for Chinese machinery and intermediate goods, such as active pharmaceutical ingredients (APIs), despite long-running efforts to reduce reliance on China. While the fall in Indian exports, the reliance on Chinese goods in some sectors, and the widening imbalance are concerns, Indian officials say the growing imports also reflect rising demand for intermediates, which is a positive.
The growth in exports to India was among the highest for China’s major trading partners. ASEAN remains China’s biggest trading partner, with two-way trade reaching $717 billion after Q3, up 13.8%; followed by the European Union ($645 billion, up 7.9%,), and the United States ($580 billion, up 6.9%).
India’s imports from China surge to record high in first nine months of year
Beijing October 26, 2022 19:53 IST Updated: October 26, 2022 21:18 IST
India imported $89.66 billion worth of goods from China in the period, the highest on record for three quarters in any year. Trade stood at $68.46 billion at the end of after Q3 of 2021, which was itself a record high. | Photo Credit: AP
India imported $89.66 billion worth of goods from China in the first nine months of 2022, the highest on record for three quarters in any year. Two-way trade has crossed $100 billion
India’s imports from China have risen 31% for the nine months ended September, propelling two-way trade past $100 billion and the trade deficit to a record high.
India imported $89.66 billion worth of goods from China in the period, the highest on record for three quarters in any year. Imports stood at $68.46 billion at the end of Q3 of 2021, which was itself a record high.
India’s exports to China in the first nine months of this year were, however, down by as much as 36.4% at $13.97 billion, data from China’s General Administration of Customs (GAC) showed. The trade deficit in the period grew to $75.69 billion.
Bilateral trade is on track to surpass last year’s record figure, but so is the deficit. In 2021, trade crossed $100 billion for the first time, reaching $125.6 billion. India’s imports accounted for bulk of the trade, reaching a record high of $97.5 billion, which is almost certainly set to be exceeded this year.
The rising trade volume this year underlines India’s continued demand for Chinese machinery and intermediate goods, such as active pharmaceutical ingredients (APIs), despite long-running efforts to reduce reliance on China. While the fall in Indian exports, the reliance on Chinese goods in some sectors, and the widening imbalance are concerns, Indian officials say the growing imports also reflect rising demand for intermediates, which is a positive.
The growth in exports to India was among the highest for China’s major trading partners. ASEAN remains China’s biggest trading partner, with two-way trade reaching $717 billion after Q3, up 13.8%; followed by the European Union ($645 billion, up 7.9%,), and the United States ($580 billion, up 6.9%).
What they mean when they say boycott is that they will stop buying the well known name brands that sell domestically in China and the west, instead they start buying from lower quality brands specifically marketed towards developing countries, but which are no less Chinese owned than the former brands.Well done...keep boycotting Chinese products, Jai Hind!
India’s imports from China surge to record high in first nine months of year
Beijing October 26, 2022 19:53 IST Updated: October 26, 2022 21:18 IST
India imported $89.66 billion worth of goods from China in the period, the highest on record for three quarters in any year. Trade stood at $68.46 billion at the end of after Q3 of 2021, which was itself a record high. | Photo Credit: AP
India imported $89.66 billion worth of goods from China in the first nine months of 2022, the highest on record for three quarters in any year. Two-way trade has crossed $100 billion
India’s imports from China have risen 31% for the nine months ended September, propelling two-way trade past $100 billion and the trade deficit to a record high.
India imported $89.66 billion worth of goods from China in the period, the highest on record for three quarters in any year. Imports stood at $68.46 billion at the end of Q3 of 2021, which was itself a record high.
India’s exports to China in the first nine months of this year were, however, down by as much as 36.4% at $13.97 billion, data from China’s General Administration of Customs (GAC) showed. The trade deficit in the period grew to $75.69 billion.
Bilateral trade is on track to surpass last year’s record figure, but so is the deficit. In 2021, trade crossed $100 billion for the first time, reaching $125.6 billion. India’s imports accounted for bulk of the trade, reaching a record high of $97.5 billion, which is almost certainly set to be exceeded this year.
The rising trade volume this year underlines India’s continued demand for Chinese machinery and intermediate goods, such as active pharmaceutical ingredients (APIs), despite long-running efforts to reduce reliance on China. While the fall in Indian exports, the reliance on Chinese goods in some sectors, and the widening imbalance are concerns, Indian officials say the growing imports also reflect rising demand for intermediates, which is a positive.
The growth in exports to India was among the highest for China’s major trading partners. ASEAN remains China’s biggest trading partner, with two-way trade reaching $717 billion after Q3, up 13.8%; followed by the European Union ($645 billion, up 7.9%,), and the United States ($580 billion, up 6.9%).
Ironically this might serve to increase trade volume because it makes Chinese goods more accessible to the Indian market.
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