India emerges as the new manufacturing destination

India is becoming an attractive destination for manufacturing with Canada pursuing a free trade agreement and Apple reportedly planning to produce 25% of iPhones in the country. As China faces challenges with its population decline and geopolitical tensions, India's young and growing population presents an opportunity to handle mass production demands from the West. India aims to become the world's third-largest economy by 2027 and is investing heavily in capital expenditures and providing financial support to compete with China. Despite challenges in labor quality and infrastructure, India received a record amount of foreign direct investment and is projected to drive global growth.