India's imports from China dip 27.63% during Apr-Aug: Piyush Goyal1 min read . Updated: 21 Sep 2020, 07:43 PM IST
India's imports from China declined by 27.63% during April-August this fiscal to $21.58 billion over the same period previous year, Commerce and Industry Minister Piyush Goyal said
NEW DELHI : India's imports from China declined by 27.63% during April-August this fiscal to $21.58 billion over the same period previous year, Parliament was informed on Monday.
Value of imports from China stood at $4.98 billion in August and $5.58 in July, according to the data provided by Commerce and Industry Minister Piyush Goyal in his written reply to the Lok Sabha.
"India's imports from China have declined by 27.63% during April-August, 2020-21 over the corresponding period of the previous year," he said.
In a separate reply, the minister said there is no proposal under consideration on withdrawal of Most Favoured Nation (MFN) status to China.
"No such proposal is under consideration at this time," he said while replying to a question whether the government is planning for the withdrawal of MFN status to China to reduce the export-import business with that country.
Later in a media briefing, the minister informed that the country's export is reviving.
During the first half of September, exports have recorded a growth of 10% over the same period last year, he added.