Introduction The trade war between the US and China, initiated during the Trump administration, reshaped global trade dynamics. As a result, imports from China were offset by increased imports from other countries. Additionally, the tariffs imposed by the US incentivised firms operating manufacturing units to relocate back to the US or to other geographies with more favourable trade conditions. [1] This shift was dramatically accelerated by the COVID-19 pandemic, which exposed and intensified vulnerabilities within these concentrated supply chains. The pandemic’s disruption, marked by severe lockdowns and restrictions in China due to the zero-COVID policy, further highlighted the risks posed by an overreliance on a single geographical area for manufacturing.
Authors
- Attribution
- Bibek Debroy and Aditya Sinha, “India’s Economic Realignment,” ORF Issue Brief No. 735 , October 2024, Observer Research Foundation.
- Pages
- 11
- Published in
- India
Table of Contents
- Introduction 3
- Introduction 4
- Atmanirbhar Bharat 5
- Atmanirbhar Bharat 6
- Production-Linked 7
- Incentive Schemes 7
- Reviewing Existing RTAs 8
- Reviewing Existing RTAs 9
- Endnotes 10
- 20 Rouse Avenue Institutional Area New Delhi - 110 002 INDIA Ph. . Fax E-mail Website 11
- 91-11-35332000 91-11-35332005 contactusorfonline.org www.orfonline.org 11