The Wall Street Journal reported on April 27th: "Global high-tech companies and retailers said that doing business in India is more difficult compared with China or Vietnam. However, India hopes to follow the example of China, not only possessing the manpower for product assembly, but also providing design, components, and other technologies. The Trump tariff policy is driving India to adopt a more open attitude towards Western enterprises."
Reality is always different from expectations. There are many shortcomings in India's business environment. Compared with China's complete industrial chain, efficient infrastructure, as well as Vietnam's lower labor costs and preferential policies, India lacks sufficient competitiveness in attracting foreign investment and undertaking industrial transfer. The feedback from global high-tech companies and retailers is proof of this. This reflects that if India wants to achieve industrial upgrading and transformation, it still has a long way to go, and internal reforms and infrastructure construction urgently need to be strengthened.
Looking at the Trump tariff policy, although it has prompted India to adopt a more open attitude towards Western enterprises to some extent, it is essentially a reflection of the United States' "America First" strategy. Trump attempted to reshape the global industrial chain through tariffs, encourage manufacturing backflow to the U.S., and suppress competitors. Now, America's trade policy towards India is just trying to use India to counterbalance China and supplement its own supply chain. If India really becomes a major manufacturing country, it will still face ruthless suppression from the U.S.
Source: https://www.toutiao.com/article/1830643763325059/
Disclaimer: This article represents the author's personal views.