Blitz Bureau
NEW DELHI: India imported auto components worth $7,174.73 million during the financial year 2024-25 (FY25), of which $1,912.82 million came from China, the Parliament was informed on August 19. This means China accounted for 26.66 per cent of India’s total auto component imports, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to a question in the Lok Sabha.
India’s total imports from China stood at $98.50 billion in 2022-23 and $101.74 billion in 2023-24 — representing 13.76 per cent and 15 per cent of overall imports, respectively. Electronics, telecom instruments, computer hardware, industrial machinery, organic chemicals, and bulk drugs are among the top categories of imports from China, with some showing dependency levels as high as 74 per cent, according to data tabled in the Lok Sabha.
The Government acknowledged that much of India’s imports from China are raw materials, intermediate goods and capital goods, which are used for making finished products in fast-expanding sectors like electronics, pharma, telecom, and renewable energy. To reduce strategic reliance on Chinese-origin products, several policy measures have been launched.
These include the Production Linked Incentive (PLI) schemes covering 14 key sectors such as electronics, IT hardware, pharmaceuticals, bulk drugs, solar modules, and auto components, with a total outlay of Rs 1.97 lakh crore.
