Excellent article. You're right, the success of India's strategy hinges crucially on whether global companies will choose to simply diversify their supply chains away from China, or to "re-shore" in a more decisive way. One advantage that India might be able to leverage is human capital -- its elite universities are excellent especially in science and engineering. I see this as a local talent advantage rather than a cost advantage, and it holds for a relatively small share of the workforce, but together with improved infrastructure it might play an important role. Your point on energy availability and cost is also crucial.
Excellent article. You're right, the success of India's strategy hinges crucially on whether global companies will choose to simply diversify their supply chains away from China, or to "re-shore" in a more decisive way. One advantage that India might be able to leverage is human capital -- its elite universities are excellent especially in science and engineering. I see this as a local talent advantage rather than a cost advantage, and it holds for a relatively small share of the workforce, but together with improved infrastructure it might play an important role. Your point on energy availability and cost is also crucial.