India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices.
In 2023, India's merchandise imports from China stood at $99.59 billion, which was 18.2% lower than the $117.68 billion worth of exports reported by China, according to the latest data from the World Bank's World Integrated Trade Solution (WITS) and the Directorate General of Commercial Intelligence & Statistics (DGCI&S).
The discrepancy stood at 15.5% the previous year, with India's merchandise imports from China valued at $102.63 billion, significantly lower than the $118.50 billion exports reported by China, according to the same data sources.
The magnitude of these discrepancies indicates major anomalies, warranting closer scrutiny of the data reporting mechanisms.
Diese Geschichte stammt aus der November 28, 2024-Ausgabe von Mint Mumbai.
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