China Should Pay More Attention To India’s Increasing Manufacturing Competitiveness
On the whole, rapid economic expansion in India is a good thing for China as China’s consumer market matures, but Chinese manufacturers will inevitably face increased competition from Indian firms at the same time. As labor costs climb in China, Vietnam has become an emerging manufacturing nation, but China doesn’t need to panic. However, manufacturing development in a large country like India means more pressure on China. The increasing competitiveness from India’s manufacturing sector is a issue of strategic importance and deserves more attention.