Courtesy: Monocle
China's economic slowdown and pandemic-related and post-pandemic disruptions to supply chains have dampened China’s attractiveness as a global supply chains hub. Ganeshan Wignaraja, Professorial Fellow in Economics and Trade at Gateway House speaks with Georgina Godwin on The Globalist by Monocle, about the prospects for India to emerge as an alternative manufacturing hub in Asia, and takeaways for the broader South Asian region.
Courtesy: Forbes India
The announcement of the India-Middle East-Europe Economic Corridor (IMEC) has the potential to make India an Asian hub in global supply chains. India’s renewed emphasis on trade agreements and export-oriented foreign direct investment presents a significant opportunity for the country to promote industrialisation across South Asia and make the region less vulnerable to Chinese enticements.
Courtesy: Nikkei Asia
China-centric global supply chains are being disrupted by rising geopolitical tensions between the U.S. and China and multiple global shocks, forcing multinational companies to rethink are global sourcing strategies. India can leverage this moment to become a complementary manufacturing hub in Asia by reaping gains from technology transfers and creating value-adding jobs.