Will India Benefit from the US-China Trade War?
ECONOMY / K. Venkateshwar Rao 26 OCTOBER 2019 Due to growing pressure on US companies to shift their bases from China, India has emerged as a frontrunner for US giants, such as Apple and Microsoft, to expand their bases. Taiwan’s Foxconn, the largest electronics contract manufacturer in the world, assembles Apple products; they moved their production to India from China. India has a vast market, and both the USA and Chinese companies like, Oppo and others, are exploring investment opportunities in India. Due to the risk of high tariffs and potential ineligibility for US procurement contracts, over 50 major global firms– from Panasonic, Nike, to Nintendo– are exploring the possibility of relocation. Chinese companies are not keen on investing in the USA due to the trade war and the potential of Trump’s return to power in the presidential elections. So, they are eager to invest in India. There could be increased investments from the US and Chinese companies in India, a...