Easing Tensions: India and China’s Path to Economic Collaboration

News Snapshot:

India-China relations are showing signs of returning to normal, with Commerce and Industry Minister Piyush Goyal noting easing of tensions as border matters are addressed. The commentary followed a significant meeting at the Shanghai Cooperation Organisation (SCO) summit, where leaders Modi and Xi pledged to pursue a fair resolution to their boundary issues and committed to expanding economic ties. Current regulations require Foreign Direct Investment (FDI) from border-sharing countries like China to gain government approval, a measure put in place in April 2020. There's industry pressure to relax these norms to attract more Chinese investments that could bolster India's manufacturing...