The visas issued to Chinese nationals by India has seen a sharp drop, with the number dropping from 200,000 visas issued in 2019-20 to just 2,000 in 2024. According to a Hindustan Times report, citing senior officials in the national security establishment and economic ministries, about 200,000 visas were issued to Chinese nationals in 2019 before the pandemic struck and the June 15, 2020 Galwan clash, and that this number was brought down to just 2,000 in 2024 after a structural screening of Chinese investments in India. According to the report, the government, however, has granted around 1,500 visas to Chinese nationals over the past eight months. Of these, around 1,000 visas were issued to meet the requirements of the Indian electronics industry. Another 1,000 visas are currently being processed, primarily for the electronics sector, following rigorous screening procedures. Despite the Indian government's efforts, including reducing corporate income tax and introducing a Rs 2 lakh crore production linked incentive (PLI) scheme across twelve sectors, the trade deficit with China widened to over $38.11 billion in the first five months of the current year. During January-May 2024, India managed to export only $8.93 billion worth of goods to China, while imports from Beijing totaled $47 billion.