India vs China: The Cost of Strained Relations

The India-China relationship, strained since a 2020 border clash, has seen India aggressively decouple economically from China by restricting investments and banning apps, while paradoxically increasing its dependence on Chinese imports. The persistent border dispute hampers diplomatic normalization, with India demanding its resolution as a prerequisite for improved ties, contrary to China’s stance of separating economic and territorial issues. In this note, we’ll look at the cost of India’s nationalist agenda.