India’s Supply Chain Risk Grows As China Supplies 30% Of Industrial Goods, Flags GTRI

GTRI warns India is heavily dependent on China for industrial goods, with 30 percent of imports from China, 98.5 percent industrial, risking supply chain disruption India has had a trade deficit with China. There’s nothing new about it. However, a new report by think tank Global Trade Research Initiative (GTRI) has flagged another major concern in the trade relationship with the neighbor: India’s strong dependence on China for industrial goods. Industrial goods are products used to make other products or run businesses, not for direct everyday consumption. So, if there is any disruption in the supplies of these industrial goods…