India China Trade

Prime Minister Narendra Modi often speaks of "trusted" supply chains. At the G-20 last year, he said that global supply chains depend upon "trust, transparency, and timeframes".

China insisted that it is still India's biggest trade partner in 2021-22 as per its figures and attributed the "disparity" to different methods of calculating the trade volume by New Delhi and Beijing

In 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21

As US President Joe Biden launched a new trade deal with 12 Indo-Pacific nations, including India, to enhance trade, economic and investment opportunities, China went on the offensive against it.

India initiated an anti-dumping probe to investigate imports of optical fibre originating in or exported from China, Indonesia and South Korea. The process, being conducted by commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR), is aimed at protecting domestic industry from cheap imports.

The rupee hit all-time lows early on Monday, trading beyond 77.40 per dollar driven by investors' preference toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous jolt through markets.

Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.

Crude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.

The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.

Crude prices eased to around $112 per barrel on Monday after rising sharply in early trade, with oil contracts trading within a $3 range - between about $111 and $114 a barrel.

During the three-month period from January to March, China's exports to India zoomed to $27.1 billion

The wild gyrations in crude markets continued on Tuesday, with Brent oil prices trading nearly 3 per cent higher and back up above $100 after briefly languishing below that level in the previous session.

Crude oil prices rebounded and rose on Tuesday in a volatile trading session, even as Ukraine and Russia headed for peace talks and demand concerns remain as China shut down its financial hub in Shanghai to curb the surge in coronavirus cases.

India's exports to China rose by 24 per cent to $21.54 billion during January-November 2021

Trade deficit with China has come down to $44 billion in 2021 from $48 billion in 2014-15, said Commerce minister Piyush Goyal

Prime Minister Narendra Modi often speaks of "trusted" supply chains. At the G-20 last year, he said that global supply chains depend upon "trust, transparency, and timeframes".

China insisted that it is still India's biggest trade partner in 2021-22 as per its figures and attributed the "disparity" to different methods of calculating the trade volume by New Delhi and Beijing

In 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21

As US President Joe Biden launched a new trade deal with 12 Indo-Pacific nations, including India, to enhance trade, economic and investment opportunities, China went on the offensive against it.

India initiated an anti-dumping probe to investigate imports of optical fibre originating in or exported from China, Indonesia and South Korea. The process, being conducted by commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR), is aimed at protecting domestic industry from cheap imports.

The rupee hit all-time lows early on Monday, trading beyond 77.40 per dollar driven by investors' preference toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous jolt through markets.

Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.

Crude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.

The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.

Crude prices eased to around $112 per barrel on Monday after rising sharply in early trade, with oil contracts trading within a $3 range - between about $111 and $114 a barrel.

During the three-month period from January to March, China's exports to India zoomed to $27.1 billion

The wild gyrations in crude markets continued on Tuesday, with Brent oil prices trading nearly 3 per cent higher and back up above $100 after briefly languishing below that level in the previous session.

Crude oil prices rebounded and rose on Tuesday in a volatile trading session, even as Ukraine and Russia headed for peace talks and demand concerns remain as China shut down its financial hub in Shanghai to curb the surge in coronavirus cases.

India's exports to China rose by 24 per cent to $21.54 billion during January-November 2021

Trade deficit with China has come down to $44 billion in 2021 from $48 billion in 2014-15, said Commerce minister Piyush Goyal