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India Must Boost Exports to China to Compete

10/6/2025

38 8 Full Breakdown

Summary

Story summary

Subrahmanyam, CEO of NITI Aayog, says India risks falling behind unless exports to China rise.
He calls for engaging China's $15 trillion economy to boost manufacturing exports.
In 2024, exports to China fell 7% to $15.1 billion; imports rose 10% to $109.4 billion.
Leather and footwear exports were $5.5 billion (1.8% of trade); tariff cuts on footwear inputs urged.

History

Historical Context

Sino-Indian relations have evolved since the 1962 Sino-Indian War, with trade surpassing $60 billion by 2010. Despite a 2014 trade agreement aimed at enhancing cooperation, India's exports to China fell by 7% in 2024, totaling $15.1 billion, while imports surged to $109.4 billion. This trade imbalance highlights ongoing challenges in India's economic strategy amid China's growing influence.

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Story summary

Subrahmanyam, CEO of NITI Aayog, says India risks falling behind unless exports to China rise.
He calls for engaging China's $15 trillion economy to boost manufacturing exports.
In 2024, exports to China fell 7% to $15.1 billion; imports rose 10% to $109.4 billion.
Leather and footwear exports were $5.5 billion (1.8% of trade); tariff cuts on footwear inputs urged.

1 / 2