The Wall Street Journal reported today (April 27th): "Global high-tech companies and retailers said doing business in India is harder than in China or Vietnam. But India hopes to follow China's example, not only having the workforce for assembling products but also providing design, components, and other technologies. Trump's tariff policies are driving the country to have a more open attitude towards Western enterprises."
[Smart Comment]: As early as 20 years ago, the West had repeatedly predicted that India would surpass China to become the new "world factory". However, up to now, this prediction has yet to be realized. Perhaps in another 20 years, similar arguments will still be heard. If India wants to truly achieve this goal, it first needs to completely improve its business environment and change its deeply rooted cultural and traditional concepts. However, this is almost an impossible task. As some netizens said: "India is a place where even mice come to eat two pounds of rice."
Original article: https://www.toutiao.com/article/1830553169072135/
Disclaimer: This article represents the author's personal views.