India's trade deficit with China mounts to $31.42 bn

India's trade deficit with its top trading partner China continued to mount, touching a whopping USD 31.42 billion as the bilateral trade declined by 1.5 percent in 2013, registering a downward trend for the second consecutive year.

Comparison of India-China economies irrelevant: Chidambaram

Courting investment from Hong Kong, home for China's top investors, Finance Minister P Chidambaram on Tuesday rejected any comparison between the economies of India and China, saying it is irrelevant as they faced radically different problems.