Companies are making detailed comparisons between India and other countries like China, Vietnam, Indonesia, or Mexico to assess their potential, he said, adding that the trend toward deglobalization has made political factors a key driver of strategic decisions.
On its part, India is actively examining its position within global supply chains while taking into account associated risks, Maceda said. This opens up opportunities for India to engage in diverse global supply chains, including sectors it traditionally had minimal involvement in, such as the semiconductor industry, he noted.
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