Economy / India
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Reforms On Hold
July 2006 | Risk SummarySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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A Chinese envoy to New Delhi has revealed plans to extend a railway system running from Beijing to Tibet to a border in India's northeast. The news came soon after the two countries resumed trade through a major Himalayan route; 44 years after a border war closed the pass. The countries hope to strengthen economic ties and boost bilateral trade, which is currently being undermined by smuggling. Border smuggling is about 10 times official border trade, which itself only accounts for US$100mn. Officials estimate that trade through the region could reach US$3bn by 2015, and potentially more if plans to