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The Economic Times
The Economic Times
Comment
Nilanjan Banik

Behind the Modi-Xi border thaw, India's dependence on Chinese imports, especially rare earths, keeps deepening

In their one-on-one at the sidelines of the New Delhi BRICS summit last weekend, Narendra Modi and Xi Jinping discussed the border issue, with the two expressing ‘commitment to a fair, reasonable, and mutually acceptable resolution’.

The other important track, economics, had little to cheer about, except for resumption of direct flights between Delhi and Guangzhou, a major sourcing hub for Indian apparel, accessories and electronics traders. In FY26, China overtook the US to become India’s largest trading partner. Bilateral merchandise trade reached about $151 bn.

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