China Thread (Hopefully i will stop all non serious trolling tweets from now)
2019 - 20 Provisional import fig for first 11 months is Rs 4,40,101 crore. P.Y 12 months is Rs 4,92, 079 Cr.
Out of total imports china constituted 14.08% in current year compared to 13.69 % LY
2019 - 20 Provisional import fig for first 11 months is Rs 4,40,101 crore. P.Y 12 months is Rs 4,92, 079 Cr.
Out of total imports china constituted 14.08% in current year compared to 13.69 % LY
HS Code 85 which is heavy Electrical machinery constituted 29% of all imports from China.
HS 84 which is boilers , machinery and mechanical appliances was 20.5%
HS 29 Organic chemicals (would include API) constitutes 12%
In absolute terms the amounts are
HS 84 which is boilers , machinery and mechanical appliances was 20.5%
HS 29 Organic chemicals (would include API) constitutes 12%
In absolute terms the amounts are
Rs. 1,27,886 Cr / Rs. 90,170 Cr / Rs.53,093 Cr respectively. Previous year ratios were also very roughly the same
In HS 85 the two biggest components is Other parts of Telephonic apparatus and Monolithic integrated circuits digital. I would assume both are related to mobile industry. They alone constitute 27 % of all imports under HS 85.
In HS 84 which accounts for Rs 90 K Corre the bulk ~18% is from Personal Computer. The next highest contributor is only 3%.
APIs couched in innocent nomenclatures like *Other Heterocyclic compounds with Nitrogen Hetro Atoms(s) only* leads the figures in import of Organic chemicals with 5.44%.
The next is *Other Antibiotics* with 4.75%.
The next is *Other Antibiotics* with 4.75%.
Simple solution - Postpone changing your mobile phone by a few months. Chinese imports will come down. In those few months we should have a long term solution in place.
@nsitharaman @nsitharamanoffc
@nsitharaman @nsitharamanoffc
with all respects to @BJPTHONDAN (only because of his firm but polite request) a short video on which mobile to buy.