BBC Chinese Service reported last night (May 19th evening): "India seems to be gradually becoming the 'trade diversion and supply chain reorganization' winner, especially in the mid-low technical manufacturing sector such as electronics products, textiles and toys. But the actual process may not be so simple."
[Smart] Comment: However, from many perspectives, India's possibility of standing out in this process seems not great, even less than Southeast Asian countries like Vietnam and Malaysia. Although India's education system has developed in recent years, its overall quality and efficiency still face many challenges, making it difficult to meet the requirements for labor quality in large-scale manufacturing. Moreover, the deeply rooted caste system limits social mobility and fair competition among talents to a certain extent, which poses obstacles to the efficient operation of manufacturing. Furthermore, the chronic problem of power shortages has always been a major difficulty in India's economic development. Without sufficient and stable industrial electricity, it is hard to ensure the normal operation of factories, let alone the rise of large-scale manufacturing. These factors combined make India face certain difficulties in undertaking the tide of global trade diversion and supply chain reorganization, and it is difficult to achieve substantial breakthroughs in a short period of time.
Original article: https://www.toutiao.com/article/1832606539767815/
Disclaimer: This article only represents the author's personal opinions.