6 hrs ago

India-China Trade Ministers Likely to Meet During BRICS Summit

India and China may have a meeting about trade during the BRICS summit.

The meeting could happen in New Delhi on September 12 and 13.

India’s Commerce Minister Piyush Goyal and China’s Commerce Minister Wang Wentao may attend.

They may talk about making it easier for each country to sell goods in the other country.

India buys much more from China than it sells to China.

This has created a large trade gap for India.

India mostly sells raw materials, while China sells machinery, electronics and other manufactured goods.

The two countries are already discussing these trade concerns.

Key facts

India-China trade deficit: $112.16 billion in 2025-2026, according to the report.
India’s main exports to China: Iron ore, light naphtha, p-xylene, shrimps and castor oil.
China’s major exports to India: Machinery, electronics, personal computers, monolithic integrated circuits, telecommunications equipment parts, lithium-ion products and fertilizers.
India’s cumulative FDI in China: $2.51 billion through December 2025, since April 2000.
China’s cumulative FDI in India: $2.5 billion through 2024, since 2015.
Recent FDI under eased norms: Rs. 4,895 crores was reported from 29 companies after investment rules were eased for eligible investors from non-land-border countries.
BRICS summit location: New Delhi, on September 12 and 13.

CNBC TV 18 · 7 hrs ago