The Big 5 Viral Acharya mantras to benefit from China Plus One strategy

"It is hard therefore to find many products outside India that are manufactured by Indian firms," he said

From reduction in protectionism to dismantling Big 5 businesses, former deputy governor of the Reserve Bank of India (RBI) Viral Acharya has come out with five challenges India must address head-on to turn the corner in the coming decade.

In a paper titled India at 75: Replete with Contradictions, Brimming with Opportunities, Saddled with Challenges, Acharya, the CV Starr professor of economics in the Department of Finance at New York University Stern School of Business, shared five points in a “to-do list” to restore industrial and macroeconomic balance.

“I argue that while China Plus One global pivot has put India