The Importance of China's Imports

Cheaper Chinese imports are essential inputs for several manufacturing units in India.

India’s target of producing 40 per cent power from non-fossil fuels is dependent on cheaper solar panels from China (87 per cent solar panels installed in India come from Chinese players).

Chinese funds are looking at Indian start-ups to undercut the US influence.

India withdrew customs duty exemption to reduce API imports. Still, Chinese imports account for 66 per cent of the total APIs imported by the pharmaceutical industry.