NEW DELHI: India has identified and shared with China a list of 380 products including horticulture, textiles, chemicals and pharmaceuticals as their shipments hold huge export potential in the neighbouring country, an official said.
Increasing exports of these products would help India narrow the widening trade deficit with China, which stood at USD 50.12 billion during April-February 2018-19.
During the period, India’s exports to China grew by 28.61 per cent to about USD 15 billion, while imports contracted by 6.29 per cent to about USD 65 billion.
The official said that in the recent months, India’s exports of marine products, cotton, organic chemicals, grapes and plastics have increased significantly.
Indian exporters face certain non-tariff measures in Chinese markets, which restrict exports to that country. (AGENCIES)
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