Takshashila Discussion SlideDoc - India's Opportunity to Displace China in Global Supply Chains

Indo-Pacific StudiesEconomic Policy
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Executive Summary

This assessment proposes a mix of two approaches that the Indian government should adopt in order to attract investments from companies looking to exit China. The first, a geostrategy-led approach, entails working with like-minded partners, particularly focusing on sectors with national security implications. The second, a case-by-case approach, involves identification of sectors in which India enjoys comparative advantages and adoption of targeted measures to attract foreign investment in them. We argue that political trust and security concerns are likely to play a far greater role in economic decisions for States and companies in the post-COVID world. Given this, these approaches not only leverage emerging geopolitical trends but also harness India’s comparative strengths in key sectors. This makes them easier to pursue in the near term, with greater chances of achieving demonstrable success.

Authors

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Narayan Ramachandran
Narayan Ramachandran

Narayan Ramchandran is one of Takshashila’s co-founders. He worked on Wall Street (mostly at Morgan Stanley) for over 20 years, most recently as head of global emerging market investing and then country head of Morgan Stanley in India.

Anupam Manur
Anupam Manur

Anupam Manur is an Assistant Professor at the Takshashila Institution. He was previously working as a Research Associate at the Indian Institute of Management – Bangalore, after completing his Masters in International Business (Economics) from Lancaster University.

Manoj Kewalramani
Manoj Kewalramani

Manoj Kewalramani is a Fellow-China Studies at The Takshashila Institution. His research focuses on Chinese politics, foreign policy and approaches to new technologies.

Sarthak Pradhan
Sarthak Pradhan

Sarthak is an Assistant Professor at the Takshashila Institution. He teaches economic reasoning and researches public finance. Before his foray into the public policy domain, he worked as an educator and a telecom engineer. He has completed Takshashila's PGP in public policy and holds a dual degree from BITS Pilani.

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