The chapter delves into the worldwide dependence on China for cost-effective manufacturing and the China plus one approach to mitigate risks by diverting trade to countries like India. It highlights the obstacles faced by emerging economies in reducing reliance on China due to its control over supply chains and competitive import prices.
In today’s episode for 26th July 2024, we dive into a dilemma highlighted by the latest Economic Survey ― How can India integrate into the global supply chain without leaning too heavily on China?
Speak to Ditto's advisors now, by clicking the link here - https://ditto.sh/9zoz41