<p>Not enough investments in manufacturing and value addition have led to severe demand-supply mismatch in India. The creation of a market for manufactured and value-added goods from China can correct this, Minister of State for Commerce & Industry Jyotiraditya Scindia said in a written reply to the Rajya Sabha.<br /><br />India’s trade deficit with China reached $23.9 billion in 2010-11 from $19.2 billion in 2009-10. India’s imports from China in 2010-11 were $20 billion more than its exports to the neighbouring country. China accounts for 11.5 per cent of India’s total imports.<br /><br />India mainly imports cell phones, project goods, digital products, chemicals, urea and machinery parts from China. The top five items of import from China are electrical machinery and equipments ($11.86 billion), mechanical machinery and appliances ($7.7 billion), project goods ($ 3.2 billion), organic chemicals ($3.85 billion) and iron & steel ($1.99 billion), according to an estimate.</p>
<p>Not enough investments in manufacturing and value addition have led to severe demand-supply mismatch in India. The creation of a market for manufactured and value-added goods from China can correct this, Minister of State for Commerce & Industry Jyotiraditya Scindia said in a written reply to the Rajya Sabha.<br /><br />India’s trade deficit with China reached $23.9 billion in 2010-11 from $19.2 billion in 2009-10. India’s imports from China in 2010-11 were $20 billion more than its exports to the neighbouring country. China accounts for 11.5 per cent of India’s total imports.<br /><br />India mainly imports cell phones, project goods, digital products, chemicals, urea and machinery parts from China. The top five items of import from China are electrical machinery and equipments ($11.86 billion), mechanical machinery and appliances ($7.7 billion), project goods ($ 3.2 billion), organic chemicals ($3.85 billion) and iron & steel ($1.99 billion), according to an estimate.</p>
