India Debates Reconsideration on Chinese Investments

India is currently not re-evaluating its stance on Chinese investments, as stated by Trade Minister Piyush Goyal. Despite Chief Economic Adviser V. Anantha Nageswaran suggesting an increased focus on Foreign Direct Investments from China, Goyal mentioned that economic survey recommendations do not compel the government. Finance Minister Nirmala Sitharaman supported Nageswaran's proposal.

India is not reconsidering its stance on allowing Chinese investments into the country, Trade Minister Piyush Goyal confirmed on Tuesday. His statement comes in response to an earlier suggestion by Chief Economic Adviser V. Anantha Nageswaran, who proposed focusing on Foreign Direct Investments (FDI) from China to bolster exports and help manage India's growing trade deficit with Beijing.

Goyal clarified that economic survey recommendations, such as Nageswaran's, are not binding upon the government. Nevertheless, Finance Minister Nirmala Sitharaman backed the economist's suggestion, indicating a divide within the Indian administration regarding the approach to Chinese investments.

(With inputs from agencies.)