Brief by Shorts91NewsDesk / 04:06am on 24 Mar 2025,Monday Business
Facing potential U.S. tariffs and a widening trade deficit with China, India is considering easing certain trade and investment restrictions. This includes lifting some measures imposed after the 2020 Galwan clashes, such as visa limitations for Chinese personnel and non-tariff barriers on imports. Additionally, India may relax the 2020 policy that mandates government approval for investments from countries sharing land borders, notably China. These steps aim to counterbalance U.S. trade pressures and improve bilateral economic relations with China. The government is also contemplating allowing previously banned Chinese apps and resuming flights and visas for Chinese scholars. These measures are seen as strategic moves to diversify trade partnerships and mitigate external economic pressures. (PC: SME Futures)
