Top military commanders from India and China started a third round of talks to ease tensions along the de facto border this week.
Xiaomi is India's top smartphone maker and owns about 30% of the market currently, according to data from Counterpoint Research.
The recent border clash in Ladakh left 20 Indian soldiers dead and it was the first time in more than 40 years that a face-off between India and China resulted in casualties.
India implemented strict lockdown measures in late-March, most of which remained in place until the end of May.
It came as the two Asian nuclear powers sought to de-escalate tensions on their disputed border in the western Himalayas.
Both India and China are nuclear powers and analysts say that chances of a war breaking out are unlikely.
India's foreign ministry said a "violent face-off" occurred on Monday evening along the border in the Galwan Valley in Ladakh, where soldiers from India and China have been locked in a standoff since May.
India and China are locked in a bitter standoff in the remote Ladakh region in the Western Himalayas and military officials are set to hold high-level talks on Saturday.
The government on Tuesday introduced a $6.6 billion incentive scheme for international and local companies to ramp up their electronics manufacturing production in India.
The two Asian powerhouses are locked in a bitter standoff in the remote Ladakh region in the Western Himalayas.
India's economy grew 3.1% in January-March, its slowest quarterly pace in at least eight years, and Moody's expects a contraction of 4% in the current fiscal year.
Gross domestic product is expected to contract by 5% for the year, worsening from the bank's earlier prediction of a negative 0.4% growth, according to Goldman Sachs.
The IHS Markit India Services Business Activity Index for April came in at 5.4 — much lower than a Reuters poll forecast of 40 and the previous month's 49.3.
The virus has infected some 23,077 people in India so far, killing 718 of them, according to the latest figures.
During its virtual spring meeting, the International Monetary Fund forecast that India would grow 7.4% for the fiscal year starting April 1, 2021.
"Under no circumstances can the world, the region, or India, allow an epicenter to emerge in India," said the World Bank's country director for India, Junaid Ahmad.
The government will allow farm activities, construction of roads and buildings in the hinterland which has so far been less affected by the coronavirus contagion.
The Indian economy has come under pressure from the coronavirus pandemic at a time when growth was already slowing, said Neeraj Seth, BlackRock's head of Asian credit.
The U.K. looks set to extend its lockdown measures into early or perhaps even late May while Germany also remains cautious, reporting over 2,000 new cases.
The 21-day lockdown of India's more than 1.3 billion people is due to end on Tuesday, but the government is widely expected to extend it until the end of the month.