The First Strategic Economic Dialogue between India and China was held in Beijing

India and China held their first Strategic Economic Dialogue in Beijing on 26 September 2011. India and China agreed to deepen bilateral investment cooperation, further open up markets to each other and improve the investment environment.

India and China also agreed to strengthen cooperation on energy efficiency and conservation, as well as on environmental protection. In order to promote sustainable development, the two sides agreed to cooperate in the renewable energy sector. The two sides agreed to host the next SED in 2012 in India.

Strategic Economic Dialogue will increase mutual understanding and trust between India and China. Through this dialogue, both nations could share their experience to achieve economic development. Although the bilateral trade crossed 61 billion US dollars in 2011, India was left with deficit of over 40.9 billion US dollars due to accelerated exports from China.