Neutral impactEconomy
Modi, Xi shake hands, talk on sidelines of SCO Summit ahead of BRICS meet
BusinessLine 1 hr ago·1 Sept 2026, 3:14 pm
Prime Minister Narendra Modi and Chinese President Xi Jinping met briefly on the sidelines of the Shanghai Cooperation Organization (SCO) summit. This interaction is a significant step forward, as it marks the first high-level contact between the two leaders in nearly three years. The meeting took place just days before the BRICS summit in New Delhi, setting a tentative tone for their discussions.
For investors, this development is crucial as it signals a potential thaw in diplomatic relations. Improved ties could lead to a reduction in trade barriers and renewed investment flows between the two economic giants. While the agenda remains sensitive, including border issues, a constructive dialogue is generally viewed positively by the market and could boost sentiment across global equities.
Excerpt from BusinessLine
New Delhi, September 1: In a fresh sign of thaw in India-China ties, Prime Minister Narendra Modi and Chinese President Xi Jinping on Tuesday exchanged a firm handshake and held a brief conversation on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Bishkek, Kyrgyzstan, ahead of a likely…Read the original at BusinessLine
Key takeaways
- Category: Economy.
- Assessed as a significant, market-relevant update.
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