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In fact, the talk of decoupling from China has been around for several years, especially when the United States sees the rapid development of China's economy, and the United States believes that its economic hegemony has been threatened to a certain extent.
In this context, the United States has emerged to decouple from China's industry, trying to get rid of its dependence on China's manufacturing industry.
In order to achieve this goal, some Americans have proposed that they can directly transfer production capacity from China.
In recent years, the United States has been even more ruthless in cracking down on China's economy, which has had a huge impact on Sino-US relations and trade between China and the United States.
In order to curb China's development, the United States has begun to transfer some industrial chains, and India has become a country where the United States has transferred industrial chains.
In the context of the strategic measures of decoupling the Chinese economy from the United States, a large number of industries have begun to move to India, and even invested heavily in building factories in India, hoping to further reduce its dependence on Chinese goods.
At the same time, the United States wants to make India a new economy that can replace China in the global supply chain.
What the United States is doing is actually to limit China's rise in economic and other areas, and after the United States pursues decoupling policies, some American companies can only implement these policies and try to invest in India.
It is precisely because more and more companies are investing in India that the Indian government has developed extreme self-confidence.
Previously, the Indian government announced that it would develop in the direction of developed countries next. Now that India's general election is just around the corner, Modi recently unveiled the plan again, and he wants to remain India's top leader.
At the same time, in his public remarks, Modi said that by 2047, India will inevitably become a developed country.
So, can this goal be achieved by the Indian government?
In response to Modi's sworn claims, some foreign media recently revealed the truth. It is understood that India's current development situation is not as optimistic as the outside world understands.
Originally, when the United States transferred the industrial chain, India could indeed absorb a lot of industrial production orders. But judging from India's recent performance, it can't catch this wave of wealth at all.
Anyone who knows the business environment in India knows that under the Modi government, it is very difficult for some foreign companies to gain a foothold in India.
With the development of India's manufacturing industry, the Indian government has stepped up its efforts to protect the industry, and as a result, many restrictions have been put in place to directly shut out some countries that were originally planning to invest in India.
What makes many companies dissatisfied with India is that the Indian government has said that if you make money in India, don't want to take out India.
In other words, even if a company is generating huge profits in India, it is very difficult to transfer the money out. Foreign-funded enterprises have greatly controlled their funds, which has greatly undermined the investment confidence of foreign-funded enterprises.
In order to achieve this goal, India has implemented a tax policy on imported goods and further expanded the tax quota on imported goods.
In fact, this is no different from the United States, which belongs to unilateral trade, which is extremely unfriendly to foreign-funded enterprises and foreign businessmen, and it is very likely that, like the United States, it will use unilateralist trade ideas to restrict the development and profits of foreign-funded enterprises.
In contrast, China has always adopted an open economic development strategy, creating a business environment that is very suitable for the development of foreign enterprises.
Although India has a good market potential, with a huge population, there will inevitably be some demographic dividends in the next development process.
But these advantages have been shattered by a series of measures by the Indian government. In addition to this, some social institutions such as India's racial system are also hindering India's development.
In the eyes of some foreign media, the fundamental reason why India cannot replace China is that India is very backward in the field of high-tech technology.
In the past years of development, with the continuous expansion of investment in intelligent artificial technology.
It is precisely because of this that the mainland has achieved independent research and development in some technologies, and has also achieved remarkable development results. It has even surpassed the United States in many patents.
These advantages have laid an irreplaceable position for China in the field of future economic development.
In recent years, India has vowed to surpass China and even become the world's largest economy, but it is almost impossible for India to achieve this goal.
Whether it is the current social system in India, the influence of ethnic factors, or the business environment created in India, plus the fact that 45% of the country's workers are still in low-productivity jobs.
No matter how much the United States hypes it up, India still has a long way to go if it wants to truly achieve the goals of a developed country.
What do you think about the Indian economy?