India seeks to improve ties with China again, says Goyal
In short
Piyush Goyal said India wants to improve ties with China again and wants fair deals. He also said trade between the two countries reached USD 127.7 billion.
He raised concerns about the trade deficit and past supply chain problems during Covid. What India will actually change next is not stated.
What the reporting says
Commerce and Industry Minister Piyush Goyal said India wants to improve relations with China and secure fair deals, while noting bilateral trade reached USD 127.7 billion. He also highlighted concerns about the widening trade deficit and said tighter FDI policies have been driven by geopolitical tensions and supply-chain risks exposed during Covid. The reporting does not say what specific policy changes, if any, are planned next.
Why it matters
Commerce and Industry Minister Piyush Goyal said India is working to improve relations with China while seeking fair deals, and cited bilateral trade of USD 127.7 billion. He also pointed to the widening trade deficit, tighter FDI policies, and supply-chain vulnerabilities exposed during Covid as reasons for a more self-sufficient approach. The reporting does not specify new measures or any immediate policy shift.