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Imports from China decline by 27.63% during April-August 2020: Piyush Goyal

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

twitter-logoPTI | September 22, 2020 | Updated 09:01 IST
Imports from China decline by 27.63% during April-August 2020: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal

India's imports from China declined by 27.63 per cent 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 per cent 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 per cent over the same period last year, he added.

Also read: Only 1% Indians pay income tax, govt tells Lok Sabha

Also read: Parliament session may be cut short as coronavirus cases among MPs rise

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