In recent months with the ongoing problem at borders with Pakistan, trade volumes with Pakistan have come to halt affecting lives of many across both the nations.
Similarly with China, India to strengthen its domestic industry nearly boycotted Chinese products especially at the time of main Indian buying festival of Diwali. Even Indian politician came into open support of the move closely watched by China. Now the position is China is too taking a lot of different routes to stop Indian product imports to its territory affecting Indian industry and business in a big way.
Russia in recent weeks has shown interested in enhancing trade with neighboring countries. The move can be justified as Russia got permission from Pakistan to use Gwadar port for business. Russia even showed interest in the USD 46 billion China-Pakistan Economic Corridor which may even accelerate tension in POK region and impact India badly.
With the recent currency demonization in India, other neighboring countries like Nepal are also worried as their citizens are having a good amount of money in Indian currency which is further accelerating tension and will surely affect trade in the long run.
