• A study by the Commerce Ministry has said, the ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries.
• A study by the Commerce Ministry has said, the ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries.
• The identification of these products is part of the study carried out by the ministry. Both the US and China are imposing heavy import duties on each other’s products, which has triggered a trade war kind of situation.
• According to the study, as much as 151 domestic products including diesel, X-ray tubes and certain chemicals have an outright advantage to displace the US exports to China. Similarly, 203 Indian goods like rubber and graphite electrodes have the advantage to displace Chinese exports to the US.
• The Indian products which can tap the Chinese market include copper ores, rubber, paper, paperboard, equipment for transmission voice/data in a wired network, tunes and pipes.
• Similarly, domestic goods which can grab exports opportunities in the US market include industrial valves, ulcanized rubber, carbon or graphite electrodes and natural honey.
• Federation of Indian Export Organisations President Ganesh Kumar Gupta said that the trade war between the US and China is benefitting India.