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What happened
This article discusses the evolving landscape of global manufacturing, highlighting India's increasing involvement in supply chains as China shifts its focus. Several factors, including economic policies and geopolitical tensions, contribute to this change.
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Key insights
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India's Economic Incentives
The Indian government has introduced various economic incentives to attract foreign investment and boost its manufacturing sector, positioning itself as an alternative to China.
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Geopolitical Tensions Affecting China
Ongoing geopolitical tensions, particularly between China and Western nations, are prompting businesses to diversify their supply chains, with India emerging as a potential beneficiary.