India should reconsider its economic approach towards China and allow more Chinese investment into its manufacturing sector as changing global trade dynamics make the US a less dependable partner, according to a member of Prime Minister Narendra Modi's Economic Advisory Council.
Rakesh Mohan, a part-time member of the council, said New Delhi should use its low-cost manufacturing base to attract investment from Chinese companies instead of relying mainly on protectionist measures. Such a strategy, he said, could help create jobs, strengthen exports and make India more competitive in global supply chains.
