Relocation of supply chains from China to benefit India the most: Nomura

The Covid-19 crisis will likely lead to deglobalisation, and a fall in US dollar’s dominance in the world. While global inequality could rise alongside food shortages at the same time, the climate will get a breather and there could be a renaissance in productivity, Japanese bank Nomura said in 16 short essays released on Thursday.

Some of the global supply chains will move out from China and will flow mostly to Asian countries, with India poised to be the top beneficiary, it said.

The larger points of the essays, collectively put in an anchor report titled ‘The world after Covid-19’,