Wishful thinking but there is some truth in the video. India wants to to reengage with China so that it can grow its economy and it also wants to get closer to grow its military (and get economy as well) so India is very well positioned to get very close to US and get benefits. But it will also leave a tiny opening for China so that it can milk it too. Basically is the same cold war US-China vs USSR dynamicLooks like China and India are trying to reconcile as India finally realise it needs China assistance to revive its ailing economy.
The Indians are probably feeling that there is no much gain in being puppet of the Anglo sphere. And CPC made the right call in not humiliating the Indians in last years border clash.
Now China should avoid helping or do everything possible to keep India down as they have shown multiple times that they will stab you in the back if given the chance (e.g during covid, India intruded into the border)
IMO China should seriously start aiding Pakistan to counter India.