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Imports from China set to top $100 billion
Mint Mumbai
|February 24, 2025
Officials say that most Chinese goods are inputs supporting Make in India’
India's goods imports from China are likely to surpass $100 billion in February itself, and in FY25 total imports from the country could exceed the record $101.73 billion achieved in 2023-24 financial year, officials familiar with provisional government data said.
After factoring in double-digit growth in Chinese imports and expected shipments through March 2025, the total imports from China are projected to set a new record. Cumulative Chinese imports in the first 10 months of the current financial year (April 2024-January 2025) have already touched $95.01 billion compared to $85.91 billion in the same period last year, posting a 10.6% growth. Imports surged in January to $10.48 billion, showing over 17% yearon-year growth.
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