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India lagging in "China Plus One" strategy as Southeast Asian nations outshine due to cost and policy advantages.
A recent NITI Aayog report indicates that India has struggled to capitalize on the "China Plus One" strategy, with countries like Vietnam, Thailand, Cambodia, and Malaysia outperforming India due to cheaper labor, simplified tax laws, and proactive trade policies.
While India remains an attractive destination for high-tech industries, it needs to improve its ease of doing business and manufacturing capabilities to better compete.
The report also highlights the potential impact of the EU's Carbon Border Adjustment Mechanism on India's exports, which could increase costs and reduce competitiveness in the EU market.
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India va a la zaga en la estrategia "China Plus One" como naciones del sudeste asiático eclipsado debido a las ventajas de costos y políticas.