High US tariffs on China can boost India's manufacturing, says CEA

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High US tariffs on China can boost India's manufacturing, says CEA - Business Standard

Quick Summary:

Global disruptions have created opportunities for emerging nations like India, and US tariffs on China could drive manufacturing shift to India due to lower duties, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Saturday.

While there are worries about the first, second, and third round effects of the tariffs in terms of external demand to start with and the overall uncertainty and therefore implications for capital formation etc, there are some favourable outcomes also, he said at an event organised by Ashoka University here.

"China plus one, which was a different dimension earlier, now acquires a much higher sense of urgency for many other companies located inside China.