India and China are restoring economic links strained by a deadly 2020 border clash, the latest sign Prime Minister Narendra Modi is drawing closer to BRICS after US President Donald Trump hit the South Asian nation with a 50% tariff.

A stock market index of Indian IT firms, the Nifty IT Index (.NIFTYIT), has fallen by more than a fifth this year while the benchmark NSE Nifty (.NSEI) has been flat as weaker global demand and a shift towards AI pressures the industry.

Prime Minister Narendra Modi is likely to visit the United States next month for the United Nations General Assembly (UNGA). According to sources who told India Today, plans are being finalised to schedule a meeting between Modi and US President Donald Trump in order to iron out issues between both the nations.