December 5, 2012
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Trade deficit with China driven by export contraction and import composition shifts, affecting bilateral trade dynamics.
India's trade deficit with China widened as imports exceeded exports and exports fell significantly in April-September 2012; export declines were linked to reduced shipments of iron ores, minerals, plastics, dyes, chemicals, petroleum products, electronics, ferro alloys, pharmaceuticals and transport equipment, while provisional import declines reflected lower imports of machinery (except electrical and electronics), iron and steel, transport equipment, resins, plastic materials, non ferrous metals, inorganic chemicals and gold.