India-China trade at all time high of $73.9 bnIBSA in the news Sunday, January 29th, 2012
Beijing, 29 January 2012,
India-China bilateral trade hit a record $73.9 billion last year, but the ballooning trade deficit in Beijing’s favour rose to over $27 billion, raising concern among Indian authorities.
The bilateral trade registered a $12.2 billion increase in 2011, taking the total to $73.9 billion as against $61.7 billion in 2010, according to official trade figures for the last year.
The trade deficit in 2011, however, piled up to $27.07 billion even though Indian exports to China went up to $23.4 billion registering a growth of almost 12.26 per cent compared to the same period in year 2010.
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