China Plus One opportunity is up for grabs, but India struggling to seize it, says NITI Aayog report

News Snapshot:

In its report ‘Trade-Watch’ for April-June (Q1) FY25, released Wednesday, the think tank noted that the US has implemented stricter export controls and higher tariffs on Chinese goods to limit China’s growth and expenditure towards technological progress. This has led to a fragmentation of global supply chains, prompting multinational corporations to seek alternatives to Chinese manufacturing. Meanwhile, NITI Aayog CEO B.V.R. Subrahmanyam believes that US President-elect Donald Trump’s plan to increase tariffs on three of its trading partners, including China, will provide huge export opportunities for India. New Delhi: Even though India is seen as an attractive destination for companies...