India stands to gain more from China Plus One: UBS
Financial Express Mumbai|August 18, 2023
THE CHINA PLUS One policy adopted by some foreign countries to lower their dependence on Chinese goods can lead to India becoming a manufacturing hub in several sectors, UBS India chief economist Tanvee Gupta Jain said on Thursday.
PIYUSH SHUKLA
India stands to gain more from China Plus One: UBS

Jain said while China currently remains the leading global manufacturing powerhouse, India is better placed in terms of its sheer size to become an alternative manufacturing hub. She noted that India has improved significantly since 2019 on various parameters, including competitive tax rates, lower manufacturing costs, ease of doing business and government initiatives such as $36-billion production-linked incentive scheme.

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