Xi Jinping's India visit to help diplomatic thaw, but business ties bound by suspicion
Xi Jinping’s India visit could signal a diplomatic thaw between India and China, but business ties remain stuck in a maze of investment curbs, visa delays, technology restrictions and stalled equipment supplies. While New Delhi has eased some Chinese investment rules and approved projects, major firms remain cautious. A Modi-Xi meeting could determine whether political warmth finally unlocks…
China's President Xi Jinping is set to visit India this week, marking his first trip to the nation in seven years. This meeting is expected to enhance diplomatic relations between the two nations, although business ties remain fraught with challenges. Analysts point out that while diplomatic ties have improved, economic cooperation continues to face obstacles such as regulatory hurdles, delays in obtaining visas and limitations on industrial equipment.
The source highlights that despite the progress in diplomacy, the disparity between the two countries' economic ties is substantial. Analysts suggest that while China's economic influence offers opportunities, the trust deficit between the two nations poses a significant barrier to improved business ties.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
