Challenges Remain for India's Aspiration to Become the Next China
🇮🇳 Challenges Remain for India's Aspiration to Become the Next China.
The COVID-19 pandemic led many companies to reevaluate their supply chains, which relied heavily on China, and look for alternatives such as India, which offers low-cost production. India also has a demographic advantage, with 65% of its population under 35 years old, in contrast to China's aging population. However, India faces challenges such as insufficient infrastructure and the cultural expectation that women should stay at home, hindering their participation in the workforce. While India is projected to overtake Japan and Germany as the world's third-largest economy by 2035, the country still has a long way to go to achieve its goals.
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