NEW DELHI : India will only be able to shift $3.5-5 billion of trade away from its largest trading partner – China – and replace it with goods imported from United States, still running a huge trade deficit with Beijing, according to an analysis.
The Ministry of Commerce and Industry had asked businesses to identify areas were imports from China and other countries can be substituted with American products. Commerce and Industry Minister Shri Piyush Goyal had also asked exporters to move out of a protectionist mindset.
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