India taking the dragon head on & dimming lights of China, the world's factory floor

economictimes.indiatimes.com:

Make in India'. The ambitions have had a heroic journey to grow sinews that makes the Prime Minister of world's fifth largest economy to now vouch for 'Make for the world'.
There are still miles to go before India laps up a significantly greater share of what the world consumes.

However, companies, and we are talking about the big boys, across sectors from Walmart to Apple have increasingly focused on India while slowly junking dependence on China, a country who has been engaged in trade war with the US and in real fight scenarios with India at the border.
In the aftermath of border clashes, India took several measures to counter Chinese influence, banning several apps and excluding Chinese companies from telecom gear supply. Fuelled by growing nationalism, there emerged a resounding call within India to eschew Chinese products.

The scenario for vocal for local cheer has amplified to a stage where China was seen to incur a substantial loss of around Rs 1 lakh crore in just Diwali-related business this year.

India gains, China loses
This apart, India is increasingly hitting China where it hurts the most — making the factory floor to lose work. Data patterns have stamped India as a great alternative to China as the global supply chain shifts away from the world's second largest economy to the one that is aspiring to be the third largest by 2030.
In fact, while India is repeatedly making headlines for optimistic growth amid global challenges, China is at crossroads with structural issues and real estate, among others, dragging the economy.

Last week, S&P came out with a report titled 'China Slow India Grows'. They predicted India's GDP to grow to 7% in 2026 and China's economy to ease to 4.6% in 2026. S&P also expects