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Trade Gap Strains India-China Ties

Amol Sharma, Wall Street Journal
August 4, 2012
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India is pressing China to buy more of its goods—from pharmaceuticals to software—and taking steps to reduce Chinese imports as it grows increasingly worried about its widening trade gap with its Asian rival.
 
New Delhi is frustrated that trade talks launched when Chinese Premier Wen Jiabao visited India in late 2010 haven't yielded significant benefits. India's trade deficit with China jumped 42% to nearly $40 billion in the last fiscal year ended March 31, and was the largest contributor to the country's overall gap between exports and imports.
 
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