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China finally has a rival as the world's factory floor, India: Report

May 10, 2023
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Western companies are desperately looking for a backup to China as the world's factory floor, a strategy widely termed "China plus one." India is making a concerted push to be the plus one. Only India has a labour force and an internal market comparable in size to China's. India's population may be the world's largest, according to the United Nations, Wall Street Journal reported. Western governments see democratic India as a natural partner, and the Indian government has pushed to make the business environment more friendly than in the past. It scored a coup with the decision by Apple to...
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