India can add $20 billion to GDP if import dependence on China is halved: Report

In terms of imports, India continued to reduce its trade deficit with China in FY21. However, share of China in India’s total merchandise imports has been steadily increasing to 16.5 per cent currently, as per the report Ecowrap. India can add USD 20 billion to its Gross Domestic Product (GDP) if the country can reduce …