India cuts trade deficit with China by US$10b: sources

India cut its trade deficit with China by the most in more than a decade, according to people familiar with the data, as it boosted exports amid a US-China trade war.[NEW DELHI] India cut its trade deficit with China by the most in more than a decade, according to people familiar with the data, as it boosted exports amid a US-China trade war.

The surge in exports was mainly due to greater demand for marine products, grapes, raw cotton and plastic raw materials: items that were casualties in President Donald Trump's trade war with Beijing. This is the second straight year that India's shipments to China have grown by more than 30 per cent.

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