RISING UP TO THE OCCASION INDIA AS THE NEXT GLOBAL MANUFACTURING HUB

“As the world starts to distance itself from the PRC owing to its alleged role in obfuscating the origins of the Coronavirus and its ever belligerent stance, India stands at the crossroads of history poised to attract investors and rise up the occasion as the world’s next manufacturing hub.

- DR. ARNAB CHAKRABARTY*

Will it be bestowed with success due to its status as an economic behemoth or will bureaucratic laggardness and ill-timed policies fade away such an opportunity?”

A year of uncertainty, lock-downs, rapid unemployment and financial imbroglios has slammed humanity into an era of chaos. In no uncertain terms has the Coronavirus propelled mankind towards a point of no return, but has also dashed all hopes of a quick recovery. Repeated and enforced lock-downs have harmed businesses of all types, restricted international trade, and commerce, and provoked political dramas all over the world. With an ever belligerent but powerful Peoples’ Republic of China (PRC) and its gargantuan economic prowess, India stands at the crossroads of history where it can become an alternative to the PRC with its immense potential as an economic powerhouse in addition to its democratic ethos and respect for international law.