Piyush Goyal says India is working to improve ties with China
In short
Piyush Goyal said India is working to improve relations with China again and wants fair deals. The reporting says trade between the two countries reached USD 127.7 billion, but India is worried about a bigger trade deficit and supply chain risks.
This matters for trade, investment and business planning in both countries. But the reporting does not say if any new agreement or policy change was announced.
What the reporting says
Commerce and Industry Minister Piyush Goyal said India is working to develop relations with China again, while seeking fair deals. The reporting says bilateral trade reached USD 127.7 billion, alongside concerns over a widening trade deficit, tighter FDI policies and supply chain vulnerabilities since Covid. What remains unknown is whether any policy change or diplomatic agreement followed his remarks.
Why it matters
Piyush Goyal said India wants to improve relations with China while ensuring fair deals. The reporting puts bilateral trade at USD 127.7 billion and notes concerns about the widening trade deficit, tighter FDI policies and supply chain vulnerabilities after Covid. The comments point to a possible thaw in tone, but no new agreement or policy shift is stated in the available reporting.