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India seeks to reduce trade reliance on China while boosting exports to $19.47 billion, though imports rose 16% widening the trade deficit.
India is pursuing a diversified trade strategy with China, aiming to reduce reliance on critical imports like electronics and machinery while boosting exports to $19.47 billion.
Despite this, imports rose 16% to $131.63 billion, widening the trade deficit.
The government is expanding domestic manufacturing and seeking alternative suppliers to build a more resilient supply chain.
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India busca reducir la dependencia comercial de China mientras impulsa las exportaciones a $ 19.47 mil millones, aunque las importaciones aumentaron un 16% ampliando el déficit comercial.