NEW DELHI: India’s tweaking of its rules foreign direct investment (FDI) rules to prevent Chinese companies from taking over Indian firms whose market values have dipped due to covid-19 related uncertainties is a firm message to China that New Delhi will take steps to protect its core interests while managing ties with Beijing, say analysts.
This is despite the steps taken by both sides in the past two years to stabilize ties rocked by a tense military standoff in 2017, they say.
Ties will continue to be complex and challenging, especially in a world roiled by the novel coronavirus pandemic with New Delhi having to recalibrate its calculations vis a vis its northern neighbor, they add.