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India’s trade deficit with China dips to $48.66 billion
Why it is in news?
- According to government data, India’s trade deficit with China fell to $48.66 billion in 2019-20 on account of the decline in imports from the neighbouring country.
More on News:
- In April 2020, the government tightened norms for FDI coming from countries which share a land border with India.
- As per the amended FDI policy, a company or an individual from a country that shares a land border with India can invest in any sector only after getting government approval.