Business · Trade · 8 hrs ago
India reviews trade barriers facing services exporters in China
India is compiling a list of trade barriers faced by its services companies in China.
The commerce department has asked businesses about rules on licensing, registration, data transfers, cybersecurity, visas and work permits.
It is also seeking information on taxes, payments, professional qualifications and access to contracts.
India’s services exports to China were worth $8.95 billion in 2024, while China imports about $300 billion in services overall.
Indian firms mainly export information technology, IT-enabled services and digital solutions, but many work through other companies rather than directly for Chinese clients.
The review is intended to help Indian firms pursue more exports, partnerships and investment opportunities in China.
Officials and industry representatives have not set out what changes may follow, and some issues, including the movement of professionals, are described as political.
India is compiling trade barriers that its services exporters face in China, including licensing, registration and local rules.
The commerce department has asked industry for details on data rules, visas, work permits and recognition of professional qualifications.
Exporters have also raised concerns about taxes, payments, remittances and access to contracts.
India's services exports to China totalled $8.95 billion in 2024.
The review aims to help Indian service providers explore partnerships, investment and increased exports in China.
- Who
- India's commerce department is gathering information from industry and services exporters.
- What
- India is reviewing trade barriers faced by its services exporters in China.
- When
- Not stated.
- Where
- China.
- Why
- To help Indian service providers explore opportunities, including partnerships, investment and increased exports.
This story does not have two clearly opposing sides.
Efforts are underway to identify trade barriers in China in both goods and services
China's total import of services is around $300 billion, but India's services exports to that country are only around $8 billion
One also needs to see how compatible India's Digital Personal Data Protection Act and China's Personal Information Protection Law are, which regulate personal data in the two countries.
This story does not have a timeline yet.
- Services exports to China
- $8.95 billion in 2024
- China's services imports
- Around $300 billion
- India's share of global services exports
- 4.3% in 2024, up from 3% in 2014
- China's share of global services exports
- 5.1% in 2024, up from 4.2% in 2014
- India's average services export growth
- 14% between 2022-23 and 2024-25; 7.6% before the Covid-19 pandemic
Sources
Related news
RBI Steps Up Rupee Defense as Crude Costs and Outflows Weigh
RBI moves to support the rupee, but longer-term pressure remains
Festive e-commerce sales reach Rs 24,000 crore in two days as VC funding falls
Analyst recommends tracking Glenmark Pharma, Karur Vysya Bank and Go Digit
FMCG sales expected to grow, but rising costs may squeeze margins
Nifty ends losing streak but technical outlook remains weak
HCL Tech set to report Q2 earnings as investors watch growth and guidance
Indian Rupee Rises Offshore After Central Bank Measures
India’s draft steel policy targets 604 million tonnes of capacity by 2047
Indian central bank curbs corporate hedging as rupee weakens
Amundi CIO says Indian equities’ weakness is a temporary pause
