India's Misguided China AnxietyBy
India’s growing trade deficit with China—an estimated $27 billion in 2011—has become a source of anguish in Indian policy circles. Bilateral trade between the two emerging giants grew to $73 billion in 2011, up from $63 billion in 2010 and less than $3 billion in 2000. The Indian side, though, is becoming increasingly alarmed over the growing trade balance in China’s favor, which amounted to a Chinese surplus of $23.9 billion last year.
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