"China-Plus-One Opportunity For India Only Open Till...": World Bank Chief
NDTV
Ajay Banga's alert is of particular interest to India which has sought to leverage this increasingly favoured business approach that advocates for companies to broaden their investment horizons beyond China.
The "China Plus One" strategy - a global economic manoeuvre gaining traction as companies seek to diversify beyond the Asian powerhouse - may have found traction in the wake of the pandemic, but the opportunity is unlikely to stay open for long, the World Bank president has said.
Ajay Banga's alert is of particular interest to India which has sought to leverage this increasingly favoured business approach that advocates for companies to broaden their investment horizons beyond China, thereby spreading their manufacturing base.
The impetus for such diversification has been amplified in light of the disruptions wrought by the COVID-19 pandemic and the simmering geopolitical tension between the US and China.
