The Indian government is set to boost exports of rice and rapeseed to China to try to narrow this gap.
CAD widened to 2.4 per cent of the GDP in the first quarter of 2018-19.
New Delhi: India’s trade minister Suresh Prabhu said on Friday that China has agreed to increase its imports from the country.
“Global disruptions offer a chance to increase Indian exports,” Prabhu said at an event organised by the Confederation of Indian Industries (CII).
Prabhu said Chinese authorities will hold a meeting in November specifically with Indian exporters to address their concerns relating to market access and trade regulations.
India’s trade deficit with China is its widest with any country, with large amounts of electronics and other items flowing across the border with its northern neighbour.
The Indian government said on Thursday it is set to boost exports of rice and rapeseed to China to try to narrow this gap.
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