India’s trade position risks losing ground in global markets without increased exports to China and reduced import duties on raw materials, warned the head of a government policy think tank on Monday
NITI Aayog CEO BVR. Subrahmanyam emphasised that strengthening trade relations with China is crucial for enhancing India’s manufacturing exports, particularly as Asia emerges as a key driver of global economic growth. This assessment was shared during the release of the quarterly Trade Watch report, as cited by Reuters. “If you don’t focus on Asia, if you are not able to sell much to China, it is pointless because it’s a $15 trillion economy. You can’t avoid that economy,” he said at a press briefing, highlighting China’s significance in India’s export landscape, as quoted by Reuters
