China isn’t giving up its factory crown
China's aggressive manufacturing strategy, driven by state intervention, makes global supply chains fragile and forces other nations to reassess their industrial blueprints. Advanced economies find it challenging to compete with China's pricing and production scale. Consequently, emerging economies, notably India, are becoming attractive alternatives. Companies are increasingly adopting "China-plus-one" strategies to build more resilient supply networks, viewing India as a promising location due to its resource endowments, competitive labor, and independent trade policies. This shift underscores the need for alternative, standalone manufacturing ecosystems outside China.
Economic Times · ET Bureau · May 21, 2026 at 6:00 PM