India keeps pushing to cut trade deficit with China

New Delhi aims to capitalize on trade war and uses RCEP to pressure Beijing

20190725 Modi Xi

India's Prime Minister Narendra Modi, left, and Chinese President Xi Jinping. (Source photo by Reuters)

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- Despite a narrowing of India's trade deficit with China recently, New Delhi is calling on its neighbor to absorb more of its products to further bridge the gap.

"That kind of deficit is not economically sustainable, and it can also become politically sensitive if we don't take steps to address the deficit," Indian ambassador to Beijing Vikram Misri recently told state-run China Daily in Beijing. India's trade deficit with China is running at above $53 billion.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.