China slowdown: Global impact

Dumping a worry for India but opportunities abound

A labourer carries a sack filled with sugar to load it onto a supply truck at a wholesale market in Kolkata, India, on Nov 14, 2018.
A labourer carries a sack filled with sugar to load it onto a supply truck at a wholesale market in Kolkata, India, on Nov 14, 2018. PHOTO: REUTERS

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.

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A version of this article appeared in the print edition of The Straits Times on January 29, 2019, with the headline 'Dumping a worry but opportunities abound'. Print Edition | Subscribe