Friction between the U.S. and China could give India the boost it needs to become a global tech hub, as long as the South Asian nation addresses longstanding roadblocks including excessive red tape and government inefficiency.
“Washington’s technology cold war with Beijing has resulted in strategic decoupling, promoting manufacturing supply chains to shift to new locations,” according to a report released Tuesday from the Asia-based Hinrich Foundation set up by U.S. entrepreneur Merle Hinrich. “India finds itself well positioned to absorb these supply chains.”
A number of factors are working in India’s favor right now, according to the foundation, which cited U.S.