According to the data from Export Promotion Bureau , China’s export earnings from India in the July-April period of the current financial year 2017-18 surged by 20.73 per cent riding on a 115.18 per cent growth in readymade garment exports.
However, India’s export earnings from China, plunged by 30.59 per cent during the period due to the poor performance of leather and leather goods sector.
Overall export earnings from India in the first 10 months of the FY 18 increased to $701.55 million from $581.10 million in the same period of FY 17. Readymade garment export to India in the July-April period of FY grew to $225.57 million from $104.83 million in the last fiscal.
The export of leather and leather products t to China decreased as the country was relocating its labour intensive production to other countries and importing from there due to increase of production cost in China.