There is a general perception going around in India that there is sudden increase in dumping of Chinese goods into India which will have implications for manufacturing sector in India and also that we do not engage ourselves in trading with our neighbouring nations. Look at the following table, which shows export from India to, and imports from, Pakistan and China. Interpret the results.
| Country | Exports from india(₹ in crore) | Imports to India(₹ in crore) | ||||
| 2004-05 | 2014-15 | Annual Rate of Frowth(%) | 2004-05 | 2014-15 | Annual Rate of Growth(%) | |
| Pakistan | 2,341 | 11,351 | 39 | 427 | 3,041 | 61 |
| China | 25,232 | 73,038 | 19 | 31,892 | 3,69,541 | 106 |
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The above table reveals that trade with Pakistan and China has grown over the years. But what is disturbing, is the fact that imports have grown more than the exports. Also, imports from China have grown at a staggering rate of 106%. This statistic helps in proving the perception that there is sudden increase in dumping of Chinese goods into India. This definitely will affect our secondary sector adversely.
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