Upstox News, October 8 report: BVR Subrahmanyam, CEO of the National Institution for Transforming India (NITI Aayog), stated that India should continue to strengthen trade relations with neighboring countries such as China, Bangladesh, and Nepal, and strive to build strong trade cooperation. Subrahmanyam pointed out that given China's economic scale of $18 trillion, India may find it difficult to avoid engaging in international trade activities with China. Therefore, India should focus on trade cooperation with China, actively enhancing product competitiveness to achieve export breakthroughs. In addition, Subrahmanyam emphasized that successful economies usually maintain a trade surplus with China, and the Asian market is a key focus for India at present. Currently, Bangladesh is India's sixth largest trading partner, and Nepal had also once been among India's top ten trading partners, further indicating that deepening trade with neighboring countries has a solid foundation and significant meaning. It is worth noting that Subrahmanyam said that India plans to introduce new reform measures after the next round of Goods and Services Tax (GST) reforms by the end of October 2025.
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