India's attempts fail against rivals as US diverts trade from China: Study

Quick Summary:

India also hasn’t been able to attract a greater portion of global foreign direct investment, even as FDI flows to China plummet, it said.

According to Oxford, China accounted for about a third of India’s imports of electronics, machinery and chemicals & pharmaceuticals in 2023.

India has made substantial advances in boosting electronic exports to the US, but its imports of components from China have surged as well, suggesting there’s little value added to domestic manufacturing.

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Category: BusinessFinance

Markets: IndiaChinaSouth KoreaTaiwanVietnam

Topics: Anirudh Roy Popli Information technology management Asia trade School Districts European Union Outsourcing Management Consulting Services Drug manufacturing US-China trade war Contract manufacturing organization Healthcare Indian economy Economic globalization Prem Pavoor Asia Roads Ventures Senior Partner Usd 465 Outsourced Bio-pharmaceutical Head United States Offshoring Roy Popli Asian market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 14:31:16 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23197721

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