September 22, 2023

Paull Ank Ford

Business Think different

India’s Retaliation Against China Carries Economic Costs

NEW DELHI—India intends its ban on Chinese applications to present its willingness to dismantle significant financial back links between the two nations around the world to stress Beijing to back off in a border dispute, Indian officers and analysts say.

But even further steps to roll back financial integration would be at least as agonizing for India as China.

Economic ties between…