"Unless China stops being the third party from where components come in and we just assemble, that de-risking is not going to happen for any country coming in and producing in India," said Sriparna Pathak, an assistant professor at Jindal University focusing on India-China relations.
"India's imports from China have been growing twice as fast as those overall and now make up nearly a third of Indian imports in industries ranging from electronics and renewable energy to pharmaceuticals," according to the Global Trade Research Initiative.
"Nearly two-thirds of Indian imports of electronic components, such as circuit boards and batteries, now come from China, the Confederation of Indian Industry says. And the volume of such Chinese imports has tripled during the past five years," GTRI reports.
"India has long been a large exporter of pharmaceuticals, including to the United States. But while the domestic industry used to make much of its own ingredients, it now relies on China for many components that are crucial for manufacturing."
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