India has to change its policy if it wants to attract more Chinese investment: China Daily editorial
China DailyThere have been positive signs of improving China-India economic relations recently, as evidenced by Indian officials talking about easing restrictions on Chinese investment, and New Delhi making moves to expedite visa approvals for Chinese technicians. The seeming softening of attitude by New Delhi toward Chinese investment may have been made out of expediency, as declining foreign investment is likely to pose a challenge to India's economic ambition to become a developed country by the middle of this century. Despite the tensions in bilateral relations and India's curbs on Chinese investment, China continues to play an irreplaceable role in India's economic development. However, despite the increasing calls to attract more investment from China, India's Commerce and Industry Minister Piyush Goyal insisted there is no "rethinking" to support Chinese investments in the country.