Five years after slamming the door on Chinese investments, India has quietly amended Press Note 3. With FDI stagnating, institutional investors pulling billions out, and Western capital stretched thin, New Delhi is making a hard-nosed economic calculation. The amendment signals cautious optimism. welcoming Chinese capital into startups and tech sectors, while keeping telecom and security-sensitive industries closed.Host Anirban Chowdhury speaks to Biswajit Dhar, retired Professor, Centre for Economic Studies and Planning, JNU and Amitendu Palit, a global trade expert at the Institute of South Asian Studies, National University of Singapore. Questions on indirect investment and security concerns remain. Also, will this signal India as a more conducive, predictable investment environment to the global investor?

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