A study by the Commerce Ministry has said, the ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries.
The identification of these products is part of the study carried out by the ministry. Both the US and China are imposing heavy import duties on each other’s products, which has triggered a trade war kind of situation.
According to the study, as much as 151 domestic products including diesel, X-ray tubes and certain chemicals have an outright advantage to displace the US exports to China. Similarly, 203 Indian goods like rubber and graphite electrodes have the advantage to displace Chinese exports to the US.