Chinese President Xi Jinping is scheduled to participate in the upcoming 18th BRICS Summit, which will be held in New Delhi on September 12 and 13. This visit marks a significant diplomatic event as it's the first time in seven years that the Chinese President will be visiting India. The invitation was extended by Prime Minister Narendra Modi, and the visit is expected to provide a fresh impetus to the economic relations between the two neighboring nations. The summit will serve as a platform for high-level discussions on various critical issues, with a particular focus on economic cooperation and trade relations.
Strengthening Economic Ties and Trade Growth
The economic relationship between India and China has shown remarkable resilience and growth in recent times. 10 billion dollars in the fiscal year 2025-26.31% compared to the previous year. The surge in trade is driven by both exports and imports, indicating a deepening commercial engagement. 63 billion dollars.
Diplomatic Context and High-Level Engagement
Xi Jinping's visit comes at a time when New Delhi and Beijing are actively seeking to strengthen high-level engagement and expand areas of practical cooperation. The seven-year gap since his last visit underscores the importance of this trip in resetting and revitalizing the bilateral bond, while the BRICS platform offers both countries a unique opportunity to collaborate on trade, investment, technology, and the stabilization of global supply chains. During their previous meetings, Prime Minister Narendra Modi and President Xi emphasized the importance of enhancing bilateral trade and investment ties while also addressing the need to reduce the trade deficit. Both leaders recognized the pivotal role that India and China play in helping to stabilize global trade.
BRICS Agenda and Future Cooperation
The economic agenda of India's BRICS chairmanship is focused on several key areas, including the enhancement of trade and investment, the strengthening of global value chains, and the improvement of business opportunities among member nations. At a recent meeting of BRICS Trade Ministers in Jaipur, members made significant progress toward the Strategy for BRICS Economic Partnership 2030. This strategy aims to support increased trade in services and foster more strong and diversified global value chains. " This visit is expected to explore new avenues for economic and practical cooperation, potentially giving a new direction to India-China trade and strengthening the overall relationship between the two countries.