India’s growing trade deficit with China has become a permanent fixture in all bilateral discussions held between the two countries. The gap has been increasing and, according to provisional data for 2014-15 presented to the Rajya Sabha, the gap is now over $48 billion.
This concern was also voiced at the 7th BRICS Academic Forum held recently in Moscow, especially during a break-out session on ‘Trade: Integrity of the Rules-Based Trade Regime and BRICS Role.’