GUANGZHOU: Seeking a “more equitable” bilateral trade, India today sought from China greater market for its products like drugs and pharmaceuticals, IT and IT–related services and agro-products.
“Although the trade balance continues to be in favour of China, we look forward to expanding our commerce to make it more equitable,” President Pranab Mukherjee said while addressing a meeting of the India-China Business Forum here on the second day of his four-day visit to China.
“India would like to see a greater market for our products in China – particularly in sectors where we have natural complementarities – as in the areas of drugs and pharmaceuticals, IT and IT –related services and agro- products,” he said in the southern Chinese industrial hub.
Trade deficit between India and China has risen to USD 44.7 billion during April-January period of 2015-16.
India’s exports to China stood at USD 7.56 billion during the period whereas the imports has jumped to USD 52.26 billion in April-January. In 2014-15, the deficit was aggregated at USD 48.48 billion, according to official figures. (AGENCIES)
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