Expert Explains: India’s supply chain opportunity

News Snapshot:

Amid the efforts to cut dependence on China-centric global supply chains, countries such as Vietnam have grabbed the China+1 headlines more than India. However, the announcement at the G20 Leaders’ Summit on the landmark India-Middle East-Europe Economic Corridor (IMEC) has the potential to make India an Asian hub in global supply chains. Prime Minister Narendra Modi’s visit to Washington DC in June showed that supply chains are at the centre of the latest chapter in India-United States relations. Supply chains — variously described as global production networks, production fragmentation, or global value chains — refer to the geographical location of...