India is leveraging trade tensions with the U.S. and China to boost its manufacturing sector, as recent tariff increases on Chinese imports present a unique opportunity. Although India faces a 27 percent tariff on its exports to the U.S., it has gained a strategic advantage over China, its main competitor. The Modi administration's 'Make in India' initiative aims to diversify manufacturing and create millions of jobs, yet India's factories need substantial improvement to compete effectively. With over $26 billion invested to attract foreign business, the government is focused on reducing reliance on Chinese imports.
India's economic strategy benefits amid high tariffs on Chinese goods, presenting opportunities for India's manufacturing sector even while facing challenges at home.
The 'Make in India' initiative aims to transform India into a manufacturing hub, but India's factories still face significant readiness issues despite government investments.
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