Rising imports widen trade deficit with China

The trade deficit with China continues to soar at a blistering pace even as India is looking at aggressively increasing and strategising the reach of its products into the Chinese markets. The trade deficit which was $19 billion in 2009-10 rose to $23.87 billion in the last financial year. Analysts say there are indications that by the end of current financial year it might widen to a whopping $40 billion.

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