Nikhil Kamath, co-founder of Zerodha and True Beacon, says “global supply chains need many hedges in place, and people are considering India a real hedge” as more countries reduce their dependency on China.
Nikhil Kamath, co-founder of Zerodha and True Beacon, says “global supply chains need many hedges in place, and people are considering India a real hedge” as more countries reduce their dependency on China.
There is no compulsion by China on anyone planning to move their production elsewhere to stay. It is a free market. There is no correlation between China’s economic growth and other countries’ economic aspirations. That’s what politicians like to talk about. If not forced by their own governments to do otherwise, industrialists and business people are the best to know what makes most sense for them. Destructive politics are unhelpful. They lay waste on economics
China should move on to service sector now… high end production would be split but low end will be off shored from China. That’s what I believe.
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India and China should team up and force western companies to pay fair wages for fair work, instead of treating both populations as some kind of beasts of burden that you can play against each other to pay the lowest salary.
If that happens west will find alternatives… there are plenty of higher wage alternatives for production… the key is to have low cost manufacturing
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