India needs to improve infrastructure and address investor concerns over high taxes in order to attract global manufacturing companies that are looking for alternatives to China.
A battle-hardened military, decades-long experience in high altitude warfare together with India’s recent elevation to the Chair of the WHO Executive Board, its election to the UNSC and its close diplomatic ties with like-minded democracies such as the US, Japan, France, Israel, the UK and others will help it counter Beijing’s aggression.
The Himalayas represent conflicting cultural interests linked to the geopolitical power-play of China and India against a complex backdrop of history. While New Delhi has repeatedly thwarted Beijing’s quest for unilateral dominance in the mountains, Galwan has changed the game.
With the build-up of Chinese defence assets along the Tibetan plateau, the larger power game between the two largest economies of the world is in full play – and India has a massive stake in maintaining strategic equilibrium.
Recently amended FDI rules by the Indian government will check any hostile investments from China into nascent Indian companies and sectors. But governments across Europe, the UK, North America and Japan have also become increasingly wary of doing business with China in light of its irresponsible aggressions.
There is mounting pressure within the UK for the government to focus on enhancing the ‘special relationship’ with India and reducing the country’s dependence on China.
New Delhi’s decision to ban 59 Chinese apps has shifted the face-off against Beijing from an armed conflict to a potential tech lockdown.