NEW DELHI, Feb 6: India’s imports from China have declined in multiple sectors such as fertilisers, chemicals, iron and steel and man-made yarn in 2024-25, Parliament was informed on Friday.
In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said mobile phone imports have decreased from Rs 48,609 crore in 2014-15 to Rs 3,710 crore in 2024-25.
On the other hand, the export of mobile phones has increased from Rs 1,566 crore in 2014-15 to more than Rs 2,05,017 crore in 2024-25.
“In 2024-25, a decline in imports from China was observed across several sectors compared to the previous year. For example, imports fell sharply in fertilisers (61.4 per cent), followed by residual chemicals and allied products (19.7 per cent), iron and steel (10.3 per cent), and man-made yarn (9.5 per cent),” he said.
He added that the government encourages Indian business establishments to explore alternative suppliers and to diversify their supply chains to reduce dependency on single sources of supply.
The Government also monitors the surge in imports on a regular basis and takes appropriate action, the Minister said. (PTI)
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