Suresh Prabhu, the Minister of Commerce and Industry of India, in an interview with Bloomberg said that the Indian government planned to take advantage of the decline in the attractiveness of Chinese supplies due to the trade war between the US and China and increase its exports to the US and other countries. The list of goods offered for export will include such items as auto parts, electrical equipment and chemicals. The gap between Indian exports and imports in October increased to 17 billion 100 million dollars, which prompted the government of India to impose a number of restrictions on imports. India’s share of world merchandise exports is 1.7%, well below China’s share of 12.8%.
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