Trade imbalance with China growing, but believe in talking: Finance Minister
India's trade deficit with China reached $69 billion in the first half of 2026-27, a 27% increase from the previous year. Finance Minister Nirmala Sitharaman emphasized India's preference for dialogue over tariffs to address the growing trade imbalance, which has seen market access requests denied for a decade. She expressed hope for a swift conclusion to the US trade deal.