Niti Aayog suggests India encourage Chinese investments in local manufacturing to reduce imports and tap export markets.

Niti Aayog member Arvind Virmani suggests India should encourage Chinese firms to invest in local manufacturing to reduce reliance on imports from China. This aligns with the Economic Survey's pitch for FDI from China to support local manufacturing and tap export markets. As the US and Europe shift sourcing away from China, it becomes more advantageous for India to have Chinese companies invest and export from India.

August 03, 2024
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