India emerging as key investment destination amid China's zero-Covid policy

As foreign investors pumped money in stocks in India over the last week, Indian benchmark Indices, the BSE Sensex and NSE Nifty, reached new highs, despite economic chaos at the global level

Amid restrictions in view of the Covid-19 pandemic in China, India seems to be emerging as a key investment destination for multinational corporations, according to a Financial Times report. This has also been evident from recent media reports on Apple Inc accelerating plans to partly shift its production outside of China, which has been dominant in the company's supply chain for long.

According to a report by Wall Street Journal, "Apple Inc is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam, and looking to reduce dependence on Taiwanese assemblers led by