Vantage | Why Chinese firms are wrong about their scrutiny by India

Globally, investors are pulling back from China's market. These investors are apprehensive. Chinese stocks are rapidly losing their value, and this sentiment applies to Chinese investments in India as well. They are increasingly being viewed with suspicion. The broad sentiment is negative, and it is getting worse by the day. Two leading names are in trouble: Xiaomi and Paytm. Both are market leaders. Xiaomi is among the leading smartphone sellers in India, while Paytm is synonymous with digital payments, but both companies are under the spotlight because of their Chinese connections. Xiaomi officials have written a letter to the Government…