In several sectors, China is a key supplier, and such actions could lead to increased production costs. This may also result in a rise in inflation in the domestic market.

India's navy launched a submarine, a destroyer and a frigate simultaneously on Wednesday to counter China's expansion into the Indian Ocean.

India’s navy has launched a submarine, a destroyer and a frigate, underlining the importance of protecting its crucial Indian Ocean trade route amid a strong Chinese presence. The move came as Defence Minister Rajnath Singh said the Atlantic Ocean’s importance has shifted to the Indian Ocean region,

Mumbai: Prime Minister Narendra Modi said Wednesday the launch of two Indian-made warships and a submarine was key to its “quest towards self-reliance”. New Delhi is expanding its armed forces to upgrade its mostly Soviet-era weaponry and respond to what many in India see as a growing threat from neighbours.