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Improve yes, but see same benefits, probably not. The geopolitical enviroment where world will concentrate manufacturing in one country is over. And even at hei
by dirtyid 4y ago
Improve yes, but see same benefits, probably not. The geopolitical enviroment where world will concentrate manufacturing in one country is over. And even at height PRC manufacturing employed like 300M, India will only get fraction since PRC as incumbant gets to direct large % of where supply chains flow to, add in automation and India will get even less. Reality is even if India executes perfectly, which she's far from able to seeing how infra base is still decade+ behind from when PRC started hammering SEZs and manufacturing, she'll only get fraction of benefit, that's going to be fractioned again because her population still growing. For reference PRC uplifted 300/1300M (2000s pop) during usually stable international enviroment where stars aligned, IMO India lucky to get 100/1400-1700M pop trying to replicate PRC.