India could replace China in manufacturing Industry

Google

India could replace China in manufacturing Industry! !

The corona virus epidemic has severely affected the world as well as India's economy. However, in this difficult time, some good opportunities are coming out for India. Most countries of the world have depended on China for manufacturing activities. Our manufacturing in China has come to a standstill in Kurla and the supply chain from smartphones to all products has been broken. For this reason, China's alternative is being found for manufacturing and if sensible steps are taken in India, then this opportunity may be lost.

FDI in India doubled in 2019

According to the recent UBS report, India may prove to be better for companies that are trying to get out of China. In 2019, FDI into India also doubled. India can also become the center of choice for smartphone electronics gents and food.

Smartphone sales disrupted in the country.

According to Counterpoint Research estimates, smartphone shipments to India decreased by 27% year-on-year in March. A 60% drop is expected in April. At the same time, in 2020, 15.3 crore smartphones are estimated. This is 3% less than the 2019 figure. The 21-day folkdown in Hanuman Desh is expressed on the basis.

May take more than 5 years

The report said that it is not that India will immediately replace China, but if the continued efforts of the government continue, it is possible in the next 5 years. In the meantime, India will have to make its workforce more difficult for education, making the road easier for the foreign company.