After a recent diplomatic breakthrough, both India and China have come out with their statements. A careful reading reveals interesting convergences and divergences on various key issues. Take a look.

The annual Kailash Mansarovar yatra will resume this summer. For Hindus Mount Kailash in Tibet is a sacred place believed to be the abode of Lord Shiva. A dip in the Mansarovar lake's icy cold waters is said to wash away the pilgrim's sins.

For all this "dam for a dam" water war, relations between the two nations along their disputed Himalayan border are not currently at boiling point. In recent years, there have been skirmishes between Indian and Chinese troops in the area but 2024 "witnessed a thaw", with both sides "withdrawing troops from two flashpoints", said VOA News.

If Beijing built too much infrastructure, New Delhi built too little. But the flashy new metro systems in smaller cities are an exception

India and China have agreed to resume direct air services after nearly five years, India's foreign ministry said on Monday (Jan 27), signalling a thaw in relations between the neighbours after a deadly 2020 military clash on their disputed Himalayan border.

Mainland China and India have not been connected by direct passenger flights for almost five years. But relations between Beijing and New Delhi have started to thaw after several high-level meetings.

India and China have agreed to resume direct air services between the two countries, New Delhi said in a statement on Monday after Foreign Secretary Vikram Misri visited Beijing.

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up  here .Russia is sending cargoes of sanctioned oil to India on tankers that have been blacklisted by the US Treasury — setting up an acid test of Moscow's ability to get around aggressive measures imposed by Washington earlier this month.

India's limited local currency trade reduces risk of US tariffs amid BRICS de-dollarisation push, promoting rupee internationalisation.

In general, India’s the opposite of China: If Beijing built too much infrastructure, New Delhi built too little. But the flashy new metro systems in smaller cities are an exception. Their empty, expensive carriages and echoing stations are the nation’s white elephants, and one day the bill will come due.

Analysts say sluggish economies and trade threats from US President Donald Trump are encouraging China and India to work more closely together.