Can India capitalise on China’s economic slowdown?
2 years, 3 months ago

Can India capitalise on China’s economic slowdown?

Live Mint  

When the major economies around the world face challenges, the Indian economy thrives, as evidenced by the most recent GDP figures. However, these figures clearly show that India remained the fastest growing major economy, with China recording 0.4% economic growth in the April-June 2022 quarter. Earlier in March 2022, Bloomberg reported that China's lockdowns will likely cost $46 billion a month, or 3.1 percent of its GDP, and the report said the impact could double if more cities tighten restrictions. In fact, "We believe the China story may now be facing clear headwinds and India is likely to benefit from such stark realities over the longer term," the State Bank of India said in its Ecowrap report titled "Frontloading Fed Rate Hikes & China’s Worsening Construction Bubble: Is India Enjoying The New ‘Tina’ Moment In A Checkmate World Embracing Plus One? China-Plus-One As India seems set to overtake mainland China in terms of population, there are also talks growing about the emergence of a new world order where the global chaebols are reinforcing, in a re-calibrated supply chain management effort, the China+1 model, shifting part of their manufacturing to competitive locations in the vicinity that offer skilled labor set and other enablers at a comparatively sweetened price while having a simplified ‘ease of doing business ecosystem, incentivizing competitiveness and innovations both seamlessly, according to the report.

History of this topic

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