Indian exports to US, China on rise in 2020
- Press Information Bureau
- October 21, 2020
A major increase in India's exports to the United States and China, coupled with a decrease in imports from the two countries, was seen this year, owing to the drive of the government of Prime Minister Narendra Modi.
According to data collected from the Centre, India's exports to the USA amounted to USD 5.1 billion in September 2020, 15.5% more than the figures for the corresponding month (USD 4.4 billion) in 2019.
In addition, imports from the United States decreased by a substantial 34.3% to USD 1.8 billion in September 2020, compared to USD 2.8 billion in September 2019.
Similarly, in the period from April to September this year, imports from China, one of the largest producers of commodities across industries, decreased to USD 27.4 billion. Therefore, imports have decreased by 24.5% from the USD 36.3 billion amount for the same duration last year.
Meanwhile, Indian exports to China increased by 26.3% to hit USD 10.6 billion in the above-mentioned period, a substantial increase from USD 8.4 billion for the period April-September 2019.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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