UPSC CSE Mains Syllabus: GS-3- Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

In news:

Import and exports:

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Chinese exports to India comprise smartphones, electrical appliances, power plant inputs, fertilisers, auto components, finished steel products, capital goods like power plants, telecom equipment, metro rail coaches, iron and steel products, pharmaceutical ingredients, chemicals and plastics and engineering goods, among other things, according to the Ministry of Commerce.

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India’s imports from China jumped 45 times since 2000 to reach over $70 billion in 2018-19, according to Invest India.

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FDI:

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Bulk drugs:

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The Smartphone Dominance:

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India should take proper measures to balance the trade with China.

Source:” Bloomberg Quint“.

POSSIBLE UPSC CSE MAINS QUESTION:

Give an account of the India and China trade relationship. Is it possible for India to reduce import dependence on China?