Foreign media: As the Iran conflict enters its third month, Trump plans a prolonged blockade of the Strait of Hormuz, putting pressure on oil and gas-importing nations like India; meanwhile, the conflict has unexpectedly benefited China, whose policies on rare earth management and supply chain defense are intensifying Sino-US rivalry. India is now caught in the crossfire of competitive protectionism from both sides.
India's industrial imports from China account for one-third of its total, with electronics, machinery, and chemicals making up over 40%. Giants like Reliance face obstacles in acquiring Chinese battery technology, while exports of phones and pharmaceuticals to the U.S. confront uncertainty over tariff agreements. In the first four months of this year, foreign capital outflows from India's stock market reached $20 billion.
On the other hand, AI is disrupting India’s tech industry’s "billing by hours" model. McKinsey reports that 30% of jobs could be automated, leaving the annual 1.5 million engineering graduates facing a sharp devaluation of their computer science degrees. "Contextual programming" tools now enable consultants to generate applications in seconds. Industry leaders emphasize that adaptability speed determines survival, and career advice has shifted from “learn to code” to “study this machine that can program itself.”
Original source: toutiao.com/article/1863810653079556/
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