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Opinion | India’s distant dream of becoming the world’s big factory

China Usa India state Indiana covid-19 economy crisis
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Without market reforms and a clear path out of our lockdown, we may not be able to take China’s place While the unfolding global covid-19 crisis has brought considerable hardship and downsides everywhere in the world, some emerging economies see in the current situation an opportune moment to increase their importance in global commerce.

One such is India, which, if reports are to be believed, is attempting to woo 1,000 or more global multinational enterprises (MNEs) from their current production bases in China, in the hope of enticing them to relocate to India.

The aspiration is obviously worthy, although it comes a little late, given that the moment to have launched such a campaign was last year, when the US-China trade war really heated

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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