China’s Share in India’s Industrial Goods Imports
Over the past 15 years, China’s share in India’s imports of industrial goods has risen from 21% to 30%, according to the Global Trade Research Initiative. This increase signifies that China’s exports to India have grown substantially faster than India’s imports from other nations. As of the 2023-24 period, $101.8 billion out of India’s $677.2 billion total merchandise imports came from China, with major industrial products dominating this figure. Key sectors like electronics, machinery, chemicals, and plastics have shown increasing dependence on Chinese imports. The strategic and economic implications of this trend suggest a need for India to diversify its import sources and strengthen domestic industries to mitigate risks associated with heavy reliance on a single foreign supplier.
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