Highlights
Exports of iron and steel amounted to $2.53 billion, marking a Y-o-Y increase of 336.44% and making India the 4th largest exporter of iron and steel to China
Exports of aluminum and its articles registered a massive increase of 2023.12% to reach $640 mn and making India the fifth largest exporter in this category to China
New Delhi: India-China bilateral trade in 2020 decreased by 5.64% Y-o-Y and stood at $87.65 billion compared to $92.89 billion in 2019, according to Union Commerce Ministry s recent data on India-China trade in 2020. Notably, Indian imports from China also dropped by 10.87% and stood at $66.78 billion compared to $74.92 billion in 2019.
Accordingly, the trade deficit with China has declined by 19.39% from $56.95 billion in 2019 to $45.91 billion.
To improve the performance of our website, show the most relevant news products and targeted advertising, we collect technical impersonal information about you, including through the tools of our partners. You can find a detailed description of how we use your data in our Privacy Policy. For a detailed description of the technologies, please see the Cookie and Automatic Logging Policy.
By clicking on the Accept & Close button, you provide your explicit consent to the processing of your data to achieve the above goal.
You can withdraw your consent using the method specified in the Privacy Policy.
Accept & Close
Sputnik International
India's imports from China decline sharply as Atmanirbhar Bharat mission gets a boost - India-China bilateral trade in 2020 decreased by 5.64% Y-o-Y and stood at USD 87.65 billion compared to USD 92.89 billion in 2019.
Caves unravel how Silk Route traders survived Ladakh cold
SECTIONS
Share
Synopsis
Ladakh had been the convergence point between central and south Asia when the Silk Route was thriving. The 60-day journey on the Ladakh route linking Amritsar (Northwest India) and Yarkand (Southwest China) on the Silk Route was employed by merchants until the late 18th 19th century.
Agencies
Scattered across these caves, about eight-12 feet high and 10 feet wide, are traces of life broken pottery, diyas and, the key to their findings, soot.
(This story originally appeared in on Feb 22, 2021)The freezing caves on an isolated stretch on the Leh-Manali route, 4,000m above sea level, look anything but hospitable. The path is treacherous, cutting through mountains, but part of one that connected ancient India to China and Central Asia the Silk Route. That traders, travellers and pilgrims took this route has been known for years.
China on Monday expressed its support for India in hosting this year s BRICS summit and said it will work with New Delhi to strengthen the cooperation among the five-member grouping of emerging economies. India has assumed the BRICS (Brazil, Russia, India, China, South Africa) Chairmanship for 2021 and is set to hold this year s summit. On February 19, External Affairs Minister S Jaishankar launched India s BRICS 2021 website at the BRICS Secretariat at Sushma Swaraj Bhawan in New Delhi. Asked about India assuming the BRICS Chairmanship this year, China s Foreign Ministry spokesman Wang Wenbin told a media briefing here that Beijing backs New Delhi in hosting the summit.