China Uneasy as US-India Trade Talks Accelerate; India Emerges as Manufacturing Contender

China has expressed worry about the advancement of the trade negotiations between the United States and India, viewing them as a strategic buildup that would water down Beijing's supremacy in manufacturing. The US is on the verge of signing initial trade agreements with India and Japan to shun high...

China has expressed worry about the advancement of the trade negotiations between the United States and India, viewing them as a strategic buildup that would water down Beijing's supremacy in manufacturing. The US is on the verge of signing initial trade agreements with India and Japan to shun high tariffs revealed last month. India is surfing this tide, becoming a viable alternative base for manufacturing. Initiatives like 'Make in India' and PLI schemes have attracted global players like Apple and Ericsson to expand activities in the country. India's low tax base, huge labor force, and growing domestic market also contribute to its strength. While China remains a powerhouse in manufacturing, rising labor costs and brewing trade tensions are prompting companies to diversify their supply bases. India's economic reforms and strategic plans position it strongly on the world's manufacturing radar screen. Source: DNA India