Chief Economic Adviser Arvind Subramanian has said that slowdown in China is a historic opportunity to relaunch growth in India.Delivering a speech at the Institute of Chinese Studies in New Delhi, Mr Subramanian said investments from companies like Foxconn of Taiwan and Xiaomi of China suggest that companies based in China might now view India as a hedge against the slowdown.On the recent repercussions which rose due to depreciation in the Chinese currency Renminbi, Mr Subramanian said since India is not part of the Chinese value chain, the slowdown in China has left India relatively unscathed.