Adani Enterp. 2326.10↑370.05(18.92%)
Adani Ports 729.70↑41.60(6.05%)
Apollo Hospitals 4605.30↑158.15(3.56%)
Asian Paints 3084.90↑0.45(0.01%)
Axis Bank 917.55↓-6.50(-0.70%)
B P C L 361.60↑1.30(0.36%)
Bajaj Auto 4523.25↑40.05(0.89%)
Bajaj Finance 6793.05↑8.85(0.13%)
Bajaj Finserv 1413.00↓-2.10(-0.15%)
Bharti Airtel 801.85↓-3.90(-0.48%)
Britannia Inds. 4498.95↓-0.90(-0.02%)
Cipla 924.95↑8.70(0.95%)
Coal India 238.70↓-1.20(-0.50%)
Divi's Lab. 3265.00↑166.70(5.38%)
Dr Reddy's Labs 4457.65↑65.70(1.50%)
Eicher Motors 3545.45↓-25.45(-0.71%)
Grasim Inds 1718.35↑2.25(0.13%)
H D F C 2704.75↓-6.20(-0.23%)
HCL Technologies 1119.85↑24.50(2.24%)
HDFC Bank 1641.05↓-5.85(-0.36%)
HDFC Life Insur. 567.00↑9.40(1.69%)
Hero Motocorp 2692.15↓-20.85(-0.77%)
Hind. Unilever 2638.10↓-3.35(-0.13%)
Hindalco Inds. 407.70↑0.95(0.23%)
ICICI Bank 950.35↓-3.95(-0.41%)
IndusInd Bank 1246.15↓-1.85(-0.15%)
Infosys 1292.80↑23.90(1.88%)
ITC 424.75↑4.90(1.17%)
JSW Steel 704.60↑10.75(1.55%)
Kotak Mah. Bank 1940.20↓-1.45(-0.07%)
Larsen & Toubro 2216.60↑26.55(1.21%)
M & M 1265.55↑5.15(0.41%)
Maruti Suzuki 9156.65↑50.70(0.56%)
Nestle India 21494.80↓-195.35(-0.90%)
NTPC 174.10↑0.80(0.46%)
O N G C 165.60↑0.70(0.42%)
Power Grid Corpn 234.35↑0.65(0.28%)
Reliance Industr 2455.00↑13.05(0.53%)
SBI Life Insuran 1150.80↓-3.35(-0.29%)
St Bk of India 577.15↑2.00(0.35%)
Sun Pharma.Inds. 937.45↑11.60(1.25%)
Tata Consumer 766.10↑0.65(0.08%)
Tata Motors 522.50↓-2.45(-0.47%)
Tata Steel 105.00↑0.35(0.33%)
TCS 3298.70↑75.85(2.35%)
Tech Mahindra 1104.45↑32.30(3.01%)
Titan Company 2712.55↑10.90(0.40%)
UltraTech Cem. 7715.65↑34.35(0.45%)
UPL 670.40↑2.40(0.36%)
Wipro 395.75↑9.55(2.47%)

PLI footprint in India-China trade

India's goods imports from China during FY23 touched $98.5 billion, at a growth rate of 4.2 per cent, while India's global imports grew at 16.1 per cent during this fiscal year

china, export import, port, shipping, trade, deficit, investment, growth, economy, international

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5 min read Last Updated : May 18 2023 | 10:54 PM IST

Three data points indicate India’s imports from China are slowing: Lower electronics imports in FY23 than in FY22, lower growth in overall imports from China as against global imports, and a declining share of China in India’s imports in the past five years.

Is this an early sign of India’s inching away from many dependencies on China? Let’s see the details.

India’s import of electronics products (HS85) from China has decreased from $30.3 billion in FY22 to $27.6 billion in FY23. The slide is notable in electronics items, where the PLI (production-linked incentive) scheme is operational. For example, between FY22 and FY23, imports of solar cells, parts, etc. saw a decline of 70.9 per cent, laptops and PCs 23.1 per cent, and mobile phones 4.1 per cent.

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