Business
China Supplied 26.6% Of Indias Auto Component Imports In FY25: Govt
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 Tuesday. 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.
Additional steps like the Electronics Components Manufacturing Scheme (Rs 22,919 crore), PLI for bulk drugs (Rs 6,940 crore), solar PV module incentives (Rs 24,000 crore), and PLI for advanced automotive technologies (Rs 25,938 crore) are also in place to encourage domestic manufacturing.
The government further highlighted that initiatives like ‘Make in India’, PM Gati Shakti, National Logistics Policy, and Industrial Corridor projects are aimed at building competitive domestic supply chains.
Trade remedial actions through the Directorate General of Trade Remedies (DGTR) are also being used against unfair imports. Officials pointed out that progress is visible in some sectors. India has turned into a net exporter of mobile phones and bulk drugs in recent years, supported by PLI schemes.
Exports of mobile phones, for instance, have risen from Rs 1,500 crore in 2014-15 to over Rs 2 lakh crore in 2024-25 — making India the world’s second-largest mobile manufacturer.
Gold prices in Pakistan have risen again at the start of the business week after several days of decline, according to the All Pakistan Bullion Market.
The price of gold per tola increased by Rs 800, reaching Rs 493,962.
Similarly, the price of 10 grams of gold rose by Rs 686 to Rs 423,492.
In the global market, gold also recorded an increase of $8 per ounce, reaching $4,716.
Experts say global economic uncertainty, currency fluctuations, and investor preference for safe-haven assets are driving the upward trend in gold prices.
They add that changes in international markets directly impact Pakistan’s local bullion rates, leading to continued fluctuations in domestic prices.
Now one of the biggest sportswear firms, Anta’s rise follows a playbook adopted by many Chinese giants.
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Gold price prediction today: Will gold prices continue to be volatile? Key levels to watch out for April 27, 2026 week – The Times of India
Gold price prediction today: Gold prices will closely track movements on the rate decisions by several central banks, including the US Federal Reserve, this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold is currently consolidating after sharp swings in a broad range, indicating a pause rather than a reversal. Price action shows a higher-high structure intact, but the recent sideways movement suggests indecision near the upper supply zone around 158,000–160,000. The formation resembles a short-term flag/triangle continuation pattern, where a breakout on either side will define the next directional move. Volume has tapered slightly, reinforcing the consolidation narrative.Gold prices recently moved from the upper band toward the mid-band (20 DMA), and are now attempting to stabilize. The bands have started to contract, signaling a potential volatility expansion ahead. Sustaining above the mid-band (~150,500–151,000 zone) keeps bullish bias intact, while a breakdown below this could trigger a deeper mean reversion toward the lower band.For the week, immediate support for gold prices is placed at around Rs 150,500, which is followed by stronger support near Rs 148,500. On the upside, the resistance stands at around Rs 155,500, and after that the key supply zone is at Rs 158,000. A decisive close for gold above Rs 158,000 levels can then resume the broader uptrend. However, a break in gold prices below levels of Rs 148,500 may shift the momentum to bearish in the near term.The economic docket is filled with data points and events this week as the focus will be on FED, BOJ, ECB and ECB policy meetings. US consumer confidence, GDP, inflation and durable goods orders data will also be in radar.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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