India Seeks to Reduce Trade Deficit with China Despite Growing Economy

India-China relations acrimonious since 2020 Himalayan standoff; India has taken measures for technological and economic derisking
Despite measures like banning Chinese apps and limiting investments, India's trade deficit with China has steepened in last 20 years
India clocked 7.2% growth rate in 2022 as world recovers from pandemic disruptions
But trade deficit with China remains high, like an albatross around India's neck
Deficit needs addressing as it poses economic risk for India's future