CURRENT AFFAIRS

Detailed explanation-1: -The exports from India to China have increased from USD 13.33 billion in 2016-17 to USD 21.19 billion in 2020-21, exhibiting growth. The trade with China was USD 87.07 billion in 2018-19, which registered a decline in 2019-20 to USD 81.87 billion, and was USD 86.40 billion in 2020-21.

Detailed explanation-2: -The trade deficit in 2021 stood at $ 69.6 billion as India’s imports from China witnessed an increase of 46% to reach $98 billion. India’s exports to China increased by 34.3% year-on-year to reach $28 billion in 2021.

Detailed explanation-3: -The deficit with China increased $29.4 billion to $382.9 billion in 2022. Exports increased $2.4 billion to $153.8 billion and imports increased $31.8 billion to $536.8 billion.

Detailed explanation-4: -The trade between India and China touched an all-time high of $135.98 billion in 2022, while New Delhi’s trade deficit with Beijing crossed the $100 billion mark for the first time despite frosty bilateral relations, according to data released by Chinese customs on Friday.