Modi, Xi Commit to Border Resolution as India-China Trade Hits $151.1 Billion
Updated
Updated · CNBC · Sep 12
Modi, Xi Commit to Border Resolution as India-China Trade Hits $151.1 Billion
3 articles · Updated · CNBC · Sep 12
Summary
At their BRICS sidelines meeting, Narendra Modi said peace in border areas is essential to stronger India-China ties, and both leaders backed a fair, mutually acceptable settlement.
The pledge builds on a year-long thaw after relations plunged following the 2020 deadly border clash; last month the two sides held a 25th round of border talks and reached eight points of consensus.
Trade remains a major friction point despite the diplomatic easing: bilateral commerce reached a record $151.1 billion in the year to March 2026, while India's deficit with China widened to $112.16 billion.
Modi and Xi also agreed to address structural trade imbalances, supply-chain concerns and market access, extending steps already taken over the past year including resumed direct flights and looser Indian investment rules.