Trade war: Export of 300 products can be boosted

Trade war: Export of 300 products can be boosted

The ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries

AgenciesUpdated: Sunday, June 16, 2019, 07:45 PM IST
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Indian labourer Krishnan, 41, bundles finished coconut leaves used to make broom sticks at a production unit in Chennai on May 31, 2016. India's economy grew 7.6 percent in 2015-16, official figures showed May 31, retaining its place as the world's fastest-growing major economy and providing a boost to the right-wing government as it marks two years in power. Gross domestic product (GDP) expanded at a faster pace in the fourth quarter of the financial year, growing 7.9 percent year-on-year, the Central Statistics Office data showed. / AFP PHOTO / ARUN SANKAR |

New Delhi: The ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries, a study by the Commerce Ministry has said. According to the study, as much 151 domestic products including diesel, X-ray tubes and certain chemicals have an outright advantage to displace the US exports to China.

Similarly, 203 Indian goods like rubber and graphite electrodes have the advantage to displace Chinese exports to the US. It said that the specific products in which India can potentially expand exports to China immediately based on its strengths and available market access in the neighbouring country and also those in which concerted efforts need to be made to acquire market access are being shared with the line ministries.

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