Monday, April 27, 2020

China's loss is not India's gain (27th April 2020)

Indian government was expecting that an Anti-China emotion around the globe will actually help us and companies who are planning to move out of China will come to India. That means COVID-19 will help us in becoming Manufacturing hub of the world.

Though, I never liked the idea of becoming manufacturing hub, because this essentially means you are outsourcing the pollution of developed countries and in long run ruining our future generations. China is a master in deception, still whatever the studies we have come across, they have paid a huge price to become manufacturing destination in Pre-COVID world.

However, given the economic scenario, if that happens, it's good for India to face some challenging times approaching us.

But, now the news is, India is not the priority for these companies. Companies who are moving out of China are going to Vietnam, Taiwan, Thailand, Indonesia and other developing countries and not India.

Why?

Bureaucracy, Ease of doing business Ranks, Unrest in Civil society, our Preparation, Infrastructure, Technology etc.

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