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India and China launch trade talks to fix imbalances

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Story summary
  • Commerce Secretary Rajesh Agrawal announced that India and China have started trade talks to address imbalances and supply-chain issues.
  • Commerce Minister Piyush Goyal met Chinese counterpart Wang Wentao in the first ministerial meeting on September 12, 2026.
  • India’s exports to China increased 36.62% to $19.47 billion in 2025-26.
  • India’s imports from China grew 16% to $131.62 billion in 2025-26, widening the deficit to $99.19 billion.