- With easing tensions along the India-China border, policymakers are considering upgrading bilateral economic relationships.
- Discussions are ongoing to relax trade and investment restrictions imposed after the 2020 Galwan clashes.
- Proposals include easing visa restrictions, lifting tariffs on imports, and possibly allowing some Chinese apps back into the market.
- India may open up to Chinese investments to counterbalance the trade deficit, despite existing restrictions.
- There is a strategic interest in normalizing business ties with China to potentially influence US policy.
