India urges balanced trade with China after Piyush Goyal meeting
India is pushing for a more balanced trade relationship with China, Commerce Minister Piyush Goyal shared after meeting his Chinese counterpart at the World Trade Organisation (WTO) Ministerial in Yaounde.
This was the first big sit-down between the two countries since 2019 and follows India's recent tweaks to investment rules, moves aimed at easing tensions after past border clashes.
India imports $119.56B from China
Trade between India and China is booming, but it's pretty one-sided: in the 2025-2026 financial year up to February 2026, India exported $17.5 billion to China but imported a massive $119.56 billion in return.
Goyal says boosting exports like pharmaceuticals could help close this gap and build trust.
On top of that, both countries have restarted direct flights, with India having started to issue visas to Chinese nationals, and more talks lined up as National Security Adviser Ajit Doval is expected to travel to China at some point this year.