Beijing, Oct 17: India has successfully dealt with a 'bogey' that china was poised to invade the country economically by swamping the Indian market with cheap goods, commerce minister Arun Jaitley said today. "As far as India is concerned, the bogey over Chinese threat is over," Jaitley said here in an interview.

"By improving our efficiency, we have conclusively ended the threat perception of the Chinese invading our economic market," he said while noting that this year Indian exports to China had outpaced the communist giant's exports to India.
During the first six months of 2003, Indian exports to China rose by 101 per cent to 1.97 billion US dollars while China's exports to India rose 35 per cent to touch 1.48 billion US dollars, resulting in a trade balance of 501 million US dollars in India's favour.

Jaitley recalled that people in India complained of threat of Chinese goods swamping the market. Bureau Report