China's manufacturing sector is facing significant challenges as U.S. tariffs have prompted multinational companies to shift production to India. The move, originally accelerated by trade wars and geopolitical tension, has seen India position itself as a new low-cost manufacturing hub. While the country offers promising opportunities due to favorable policies like "Make in India" and incentives to boost production, it still grapples with infrastructure deficiencies and regulatory hurdles. As US imports from India rise, the need for supply chain resilience becomes paramount amidst rising costs in China.
India has made remarkable progress over the past three decades, and holds vast potential as a manufacturing hub, infrastructure gaps and regulatory complexities present challenges.
The primary driver is escalating friction with China. U.S.-China trade wars have imposed steep tariffs on Chinese goods, pushing companies to seek alternatives.
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