Trade news > India Eyes Bigger Share in Global Trade Amid U.S.-China Tensions
India Eyes Bigger Share in Global Trade Amid U.S.-China Tensions
Archana Chaudhary | Bloomberg
India will focus on boosting its exports to the U.S. and other global markets as Chinese shipments become unattractive amid a trade war between the world’s biggest economies, the country’s trade minister said.
New Delhi is focusing on a handful of items including automotive parts, chemicals, electrical equipment, among others, after the U.S. and China slapped reciprocal duties on each other’s goods, minister Suresh Prabhu said in an interview. India’s share in global merchandise exports is at 1.7 percent compared to China’s 12.8 percent.
“The ongoing trade tensions between the U.S. and China may have positive impact,” Prabhu said in a written reply to questions. “The long term strategy is to focus on enhancing manufacturing capabilities with focus not only on the United States but also keeping in view the demands in other markets, as well.”
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