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India’s Economic Realignment
Oct 03, 2024

India’s Economic Realignment

The United States (US)-China trade war and the COVID-19 pandemic fundamentally altered global trade patterns, revealing critical supply chain vulnerabilities. US tariffs pushed companies to shift manufacturing to more favourable locations, accelerating “friendshoring” to countries like India and Vietnam. The “China plus one” strategy has bolstered domestic manufacturing and attracted foreign investment through Production Linked Incentive