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India, an alternative supply hub for the globe?

As the world economy grapples with the outbreak of coronavirus, India must take on the challenge to present itself as a worthy contender

Niranjan Hiranandani 

Niranjan Hiranandani

History is replete with instances when the domination of a nation came to an end due to a trigger, natural or otherwise. I am not going to pronounce such a prognosis for Asian giant China, but I would definitely say that the current crisis due to the outbreak of coronavirus will certainly make a dent in the overall position of China in the global market.

A large number of global companies — an estimated 5 million in number — will have to forego their growth forecast and in some cases accept the prospect of losses. Many are eager to label this as a potential Black Swan event in ...

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First Published: Thu, February 27 2020. 20:38 IST
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