India's Finance Minister Nirmala Sitharaman on July 25 endorsed her economic advisor's proposal to open the country to direct investment from China, effectively frozen since the Sino-Indian border clashes of 2020.

Earlier this week, Reuters reported, "India's Chief Economic Adviser V Anantha Nageswaran said…that to boost its global exports New Delhi can either integrate into China's supply chain or promote foreign direct investment (FDI) from China

"Among these choices, focusing on FDI from China seems more promising for boosting India's exports to the US, similar to how East Asian economies did in the past,'" Nageswaran said according to Reuters.