A report by the Global Trade Research Initiative highlights India’s increasing reliance on Chinese industrial goods, such as electronics and machinery, with China’s share in Indian imports rising from 21% to 30% over 15 years. The trade deficit with China has soared, reaching over $387 billion in five years. To mitigate risks and reduce dependency, the report suggests diversifying import strategies and strengthening domestic industries. Notably, sectors like electronics, machinery, and chemicals show heavy dependence on Chinese imports. With Chinese firms expanding into India’s market, the trend is expected to accelerate, impacting various sectors including automotive and electric vehicles. Addressing these challenges requires focused research, development, and efforts to enhance domestic industrial capabilities.
India’s Growing Dependency on Chinese Imports Raises Concerns
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