<h1>India Seeks to Reduce Trade Deficit with China: Emphasizes IT, Agriculture, and Fair Trade Practices in Joint Session.</h1> India's trade deficit with China was $23.864 billion in 2010-11. During the Eighth Session of the India-China Joint Group on Economic Relations, India requested China to increase imports of Indian IT services, power plant equipment, agricultural products, and films, and to ease trade barriers. A Memorandum of Understanding was signed to promote balanced trade and greater value addition. India aims to reduce the deficit by showcasing products at Chinese trade fairs, diversifying its trade basket, and addressing non-tariff barriers. The government is also tackling unfair trade practices and encouraging business relations through various initiatives.