China’s promise to check the widening trade imbalance with India by importing more may already be showing some impact. India’s exports to China in the first eight months of FY19 increased by more than a third year-on-year, according to official figures.
India, however, is closely monitoring the export figures to see what part is directly attributable to the greater market access promised by Beijing, so that corrective action can be sought, if required, a government official told BusinessLine.
“The...