- Aug 13, 2019
There is something called public opinion we are not in favour of buying thing's which are made in China and technically people now want to buy make in india products when they have given a option.No need to invest, just import directly.
China Back as Top India Trade Partner Even as Relations SourNew Delhi’s reliance on imported machines outweighed its efforts to curb commerce with Beijing after a bloody border conflict.www.bloombergquint.com
India continues to rely heavily on Chinese-made heavy machinery, telecom equipment and home appliances. As a result, the bilateral trade gap with China was at almost $40 billion in 2020, making it India’s largest.
Total imports from China at $58.7 billion （2% of China's total exports）were more than India’s combined purchases from the U.S. and the U.A.E, which are its second- and third-largest trade partners, respectively. Heavy machinery imports accounted for 51% of India’s purchases from its neighbor.
That said, India did manage to lower imports from its Asian neighbor amid demand disruptions caused by the coronavirus pandemic. The South Asian nation also managed to increase its exports to China by about 11% from a year ago to $19 billion last year
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The average consumer don't want Chinese products. But we are forced to buy equipments and raw materials from China.
But over the period of time india is definitely looking forward to reduce it's import from China. If we can ban multiple billion $ worth Chinese companies in india or reject Chinese investment in banking sector then you should not be happy of trade deficit with india because in few years it's bound to change.