The Chinese slowdown would have a limited impact on India, with concerns centring mainly on how it could hurt the export of raw materials and whether it would lead to a dumping of Chinese products in India and other countries, said economists and analysts.
Economic ties between the two are growing. China is India's largest trade partner, with trade reaching US$89.71 billion (S$121.4 billion) in 2017-2018. But a widening trade gap has been a cause of worry for India, which had a trade deficit with China of US$63.05 billion in the same period.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
