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Amid trade war with US, China agrees to tackle India's trade deficit


During the informal summit between PM Modi and President Xi, India and China agreed to set up a special panel that will find ways of resolving trade deficit between the two countries.

Prime Minister Narendra Modi with Chinese President Xi Jinping on Day of their second informal meet. (Photo: PIB)
  • In 2018, bilateral trade between China and India reached $95.54 billion
  • But this also meant a trade deficit of $53 billion in China's favour
  • The trade deficit with China is the biggest that India has with any country

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi ...


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