India’s import dependence continues to be shaped by economic growth, manufacturing base: Govt to Parl
India's government has informed parliament that the country's reliance on imports, particularly from China, continues to be influenced by its economic growth and manufacturing capabilities. This means that as India's economy expands, it requires more goods from abroad to support its growth, including critical minerals and intermediate goods. The significant import dependence on China, accounting for nearly 17% of total merchandise imports, has implications for India's trade balance and economic stability.
Read the source report: Economic Times
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