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India has highest trade deficit with China but gap narrowing: Goyal

By Economic Times - 4 months ago
India's trade deficit with China grew at a slower pace from 2014-15 to 2023-24 compared to the previous decade, highlighting government efforts to control excessive imports. Exports to China stood at $16.65 billion, with imports at $101.75 billion. Minister Piyush Goyal noted improved electronic components and mobile phone import reduction due to government's initiatives.

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