India Expects Exports to China to Pick Up in 4-5 Months

India's exports to China are expected to pick up in the next 4-5 months as the Chinese economy recovers from the COVID-19 pandemic and demand for Indian goods increases. According to industry experts, sectors such as pharmaceuticals, textiles, and agriculture are likely to see a surge in exports to China.

India's exports to China were hit hard by the pandemic and the subsequent lockdowns in both countries. In April, India's exports to China edged down over 15%, compared to the same period last year.

However, there are reasons to be optimistic about the future of India-China trade. China is India's largest trading partner, with two-way trade totaling around $90 billion in 2019. The Chinese government has also announced measures to boost imports and open up its market further, which could benefit Indian exporters.

Here are some quantifiable examples of the potential growth in India-China trade:

• India's pharmaceutical exports to China could double in 2020, reaching $1.64 billion, according to a report by the Pharmaceuticals Export Promotion Council of India (Pharmexcil).
• India's agricultural exports to China could increase by 200% in the next five years, from the current level of $0.7 billion, according to a report by the Federation of Indian Export Organisations (FIEO).
• India's textile exports to China could see a growth of 20-25% in the next two years, according to the Cotton Textiles Export Promotion Council (COTTEX).

Despite the potential for growth in India-China trade, there are still challenges that need to be addressed. The ongoing border tensions between the two countries have led to calls for boycotts of Chinese goods in India, which could negatively affect trade. There are also concerns about the quality standards of Indian goods, which need to be improved to meet the requirements of the Chinese market.

However, the outlook for India-China trade remains positive, and there are steps that Indian exporters can take to capitalize on the opportunities available. These include:

• Researching the Chinese market and identifying opportunities for Indian goods.
• Improving the quality standards of Indian goods to meet the requirements of the Chinese market.
• Building relationships with Chinese buyers and cultivating a strong presence in the Chinese market.

In conclusion, India's exports to China are expected to pick up in the next 4-5 months, driven by the recovery of the Chinese economy and increased demand for Indian goods. While there are challenges to be addressed, the potential for growth in India-China trade is significant, particularly in sectors such as pharmaceuticals, textiles, and agriculture. Indian exporters can take practical steps to capitalize on these opportunities and build strong relationships with Chinese buyers.