NEW DELHI, Feb 6: Minister of State for Commerce Jitin Prasada informed Rajya Sabha on Friday that India’s imports from China fell notably in 2024-25 across sectors like fertilizers (down 61.4%), residual chemicals (19.7%), iron & steel (10.3%), and man-made yarn (9.5%), signaling supply chain diversification.
Mobile phone imports from China plunged from ₹48,609 Cr (2014-15) to ₹3,710 Cr (2024-25), while exports exploded from ₹1,566 Cr to ₹2,05,017 Cr—driven by PLI schemes and Atmanirbhar Bharat.
Prasada stressed government pushes for alternative sourcing, import monitoring, tariffs, and local production to curb single-country reliance amid trade deficit concerns. China remains top partner, but strategic shifts protect jobs and resilience, with successes like Apple-Samsung investments turning India into a net exporter.
