Chancellor Olaf Scholz leads a high-level delegation to New Delhi this week, betting that greater access to the vast Indian market can reduce Germany's reliance on Beijing even if India does not turn out to be the "new China".

Germany is trying to cultivate India as a source of trade and geopolitical support as its deteriorating relations with China cast a pall over the country’s economic future. Most Read from BloombergBoo

German Chancellor Scholz is heading to India with several high-ranking ministers in tow for talks with PM Modi and his government. The goals include deepening economic cooperation and allowing for skilled immigration.

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