India comes for China’s manufacturing crown as
supply chains slowly shift
Reforms and incentives are attracting international
investors looking to diversify away from China amid its intensifying rivalry
with the US.
But India still has a way to go – on trade ties,
education and infrastructure, among others – if it wants to catch up to its
giant northern neighbor.
The Indian Giant Has Arrived
https://www.project-syndicate.org/onpoint/india-must-manage-its-own-growing-global-systemic-importance-by-mohamed-a-el-erian-and-michael-spence-2024-03
With India's development continuing to gain steam, one of the biggest challenges will be to avoid the mistake that others have made when they failed to recognize their newly acquired global systemic influence and adapt accordingly. Both China and Big Tech show that it is never too early to start managing one's own rise.
https://www.project-syndicate.org/onpoint/india-must-manage-its-own-growing-global-systemic-importance-by-mohamed-a-el-erian-and-michael-spence-2024-03
With India's development continuing to gain steam, one of the biggest challenges will be to avoid the mistake that others have made when they failed to recognize their newly acquired global systemic influence and adapt accordingly. Both China and Big Tech show that it is never too early to start managing one's own rise.