Amid rising tensions with the U.S., India is exploring new trade opportunities with China, particularly in the critical minerals and pharmaceutical sectors. The two nations are set to begin trade talks on rare earth magnets, fertilizers, and pharmaceuticals. This development comes as China has eased export restrictions on these key materials, which are essential for India’s manufacturing sectors, including electric vehicles (EVs) and semiconductors.
The potential trade talks signal a new strategic shift for India as it seeks to diversify its supply chains and reduce its reliance on Western partners. By engaging with China on critical minerals, India aims to strengthen its domestic industries and secure a stable supply of essential raw materials for its ambitious clean energy and technology goals.