India-China trade balance agreement remain a non-starter after 3 years

The agreement between both the nations planned to achieve trade balance by 2019

While the trade deficit with China continues to balloon, which is currently over $51.09 billion, next month would mark the third anniversary of India signing an agreement achieving bilateral trade balance with the nation by 2019.

The Five-year Program for economic and trade cooperation is a joint medium term roadmap for promoting trade and investments, signed between the nations back in September 2014.

"While it is broad based, it acknowledges the pitfalls of one-way trade," a senior government official said under conditions of anonymity.

Apart from this, the agreement also asks for easing of restrictions by the Chinese government against