India and China pledged to strengthen business, transport and cultural links as Prime Minister Narendra Modi and President Xi Jinping sought to rebuild relations damaged by their 2020 Himalayan border clash. Modi said peace in the border areas remained essential to bilateral ties, while both sides highlighted the need to address trade imbalances, supply-chain problems and access barriers. Bilateral trade reached a record $155.6 billion in 2025, with India’s imports from China rising to about $132 billion in the 2025/26 fiscal year and leaving New Delhi with a deficit of more than $100 billion. Xi’s visit was his first to India in seven years, according to the report.