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Piyush Goyal said India is working to develop relations with China again, but only on fair terms, with continuity and stable geopolitics.
The reporting says he described the process as ongoing and noted that past concerns remain.
India-China trade was reported to have risen nearly 8 percent in 2025-26 to 128 billion dollars.
Goyal also said India is open to business engagements globally, including with China, if the terms are fair.
Why it mattersAny thaw with China could affect trade, border tensions, and regional diplomacy for both countries.
More context
Separate reporting said the Ministry of External Affairs has continued diplomatic talks with China, including past high-level meetings between Narendra Modi and Xi Jinping.
S Jaishankar said peace and tranquillity in border areas are essential to normalising ties, and that India and China do not have an agreed border.
Goyal also described India-U.S. ties as substantive and consequential, and said they should keep strengthening regardless of political changes.