FY25 trade deficit with China close to $100 bn amid dumping concerns

NEW DELHI : India’s trade deficit with China neared $100 billion in FY25, amid escalating concerns of dumping, data released by the commerce department showed.

Chinese imports rose by 11.5 per cent to $113.45 billion, while outbound shipments to the neighbouring country saw 14.5 per cent contraction to $14.2 billion.

As a result, the trade deficit with China widened to $99.2 billion in FY25 from $85 billion a year ago. The sharp rise in imports from China has sparked fresh concerns amid the intensifying trade war between Washington and Beijing.

Both the countries are slapping more than 100 per cent tariffs on each other.