India's bilateral trade expansion

In early July 2026, India announced a goal to raise its bilateral trade with Costa Rica to roughly $391 million, signalling a push to broaden commercial links beyond its traditional partners.

Later in the month, Indian and Chinese officials met in Beijing, agreeing to deepen trade and economic cooperation. The talks highlighted efforts to improve market access for Indian pharmaceuticals and other products, with both sides pledging greater communication to sustain growth. Chinese customs data showed a 21.8% increase in exports to India, reaching $79.41 billion in the first half of 2026, while Indian exports to China rose 37.2% to $12.31 billion, underscoring the accelerating trade relationship.

Together, these developments illustrate India's simultaneous pursuit of new trade opportunities with smaller economies like Costa Rica and expanded engagement with major partners such as China, aiming to diversify and strengthen its global commercial footprint.