India may need to promote Foreign Direct Investment (FDI) from China to benefit from the 'China+1' strategy, similar to Mexico and Vietnam, according to the Economic Survey 2024. The survey suggests that integrating with Chinese supply chains or allowing Chinese FDI are two possible options, with the latter being preferred. This indicates a reassessment of India's trade approach with China, particularly reconsidering the security screening of Chinese companies outlined in Press Note 3, implemented after the Galwan clashes.
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