India needs to make up its mind about economic ties with China
New Delhi’s approach has gone from welcoming economic engagement with Beijing to containment to the latest calibrated reopening
After six years of sweeping curbs on Chinese investment, bilateral trade rose to US$151.1 billion in the financial year ended March 31. China remains India’s largest import source and has, after four years, displaced the United States as its top trading partner. India’s approach to engaging with China has evolved: from welcoming participation to containment after 2020 and, more recently, a calibrated reopening.
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