India's Rising Trade Dependence on China: What's at Stake? | Vantage with Palki Sharma

India is facing a growing economic vulnerability due to its dependence on China for essential goods. This dependence comes even as tensions simmer along the shared border between the two countries. Reports highlight a significant rise in India's trade deficit with China over the past five years, which has now crossed the $387 billion mark. Experts point to a lack of alternatives and competitive pricing as key reasons behind this dependence.
However, there are signs that India is attempting to break free from this dependence. During the pandemic, India tried to break Chinese monopoly over the API (Active Pharmaceutical Ingredients) supply. The Indian government implemented production-linked incentive schemes to boost domestic manufacturing capabilities, with some success. Palki Sharma tells you more about India's challenges.

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India | China | Trade | Import | Semiconductor | API | Exports | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#india #china #trade #imports #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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