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Chexit, in parts: Reshoring, friend-shoring and billions of dollars in sops

Good or bad, India's current policy thrust on PLIs, capital subsidies, etc, is in line with the East Asian trend, if not global, notes T N Ninan

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T N Ninan
China has been making the headlines with news of its growth slump, following a decade-long, progressive slowdown. Part of what lies behind those headlines is a shift of numerous factories and supply-chain dependence away from China. But such is the scale and depth of China’s four-decade success in manufacturing and trade that the new wind sweeping through corporate boardrooms around the world is unlikely to undermine the country’s status as “the factory of the world” and as the leading trading power. Still, it is important to note how industrial policy has made a dramatic comeback as countries compete to attract
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First Published: Jan 20 2023 | 6:12 PM IST

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