That's because India Focused on Service Sector while China Focused on Manufacturing Sector. Focusing on Manufacturing Sector, not only created ton of jobs in China but made the world dependent on China
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Only Manufacturing can create large jobs and that was exactly what China did.
It's a great move for india btw!
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The U.S. market also took a turn, down around 1%. Investors are focused on China and nowhere else.
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Mridul Das
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A golden opportunity for India! Now China has 125% tarrif and India has 10%. Now gov should announce a mega manufacturing plan. Zero tax on manufacturing. One-stop clearance. Land on lease. Training sops. Institutional tie-ups. Funding match for job
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Piyush made a valid