As National Security Adviser (NSA) Ajit Doval lands in Beijing on Monday for border talks with Chinese Foreign Minister Wang Yi and preparations for President Xi Jinping’s expected visit to India for the BRICS summit in September gather pace, another story is unfolding quietly in the background.
Chinese-linked capital is finding its way back into India after years of regulatory roadblocks. Just three months after India relaxed parts of its post-Galwan investment regime, more than $500 million of foreign investment linked to the revised rules has already entered the country. The diplomatic thaw between Asia’s two largest economies is increasingly being accompanied by a cautious reopening of economic channels that were largely frozen after the 2020 border clash.
