Analyse how India can be a ‘Plus One’ destination, while reducing dependence on China.
Approach of the Answer
- Introduction: Introduce with the evolving dynamics vis a vis China.
- Body: Enumerate the measures that must be taken to improve India’s credentials.
- Conclusion: Conclude with the possible gains that can be attained with the reforms.
Global companies have stepped up efforts to implement the ‘China Plus One’ strategy, of diversifying their supply chains in the wake of the Covid-19-induced disruptions and US-China trade tensions. This provides a second chance for India to emerge as a global manufacturing hub. While India has managed to capture the services outsourcing wave to become quite the back office of the world, a ....
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General Studies Mains Questions And Answers
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