New Delhi, April 29 -- A new study by the Global Trade Research Initiative (GTRI) has sounded the alarm over Indias increasing reliance on imports from China, especially for industrial goods.
The report found that over the past 15 years, Indias imports from China have ballooned from USD 70 billion in 2018-19 to over USD 101 billion in 2023-24, marking a 44.28 per cent rise.
During the same period, Chinas share of Indias industrial goods imports surged from 21 per cent to 30 per cent.
The neighbouring nation is now the top supplier in eight major industrial sectors, including machinery, chemicals, pharmaceuticals, and textiles. This contradicts the perception that Chinese imports are concentrated only in the electronics sector.
Growi...