"It may have some short-term impact, but then China also needs India as much as India needs China, for their growth. They need the Indian market, a large market. This can be sorted out through negotiations and bilateral engagement between the two countries," Professor Veeramani told ANI.<
This transformation, starting in 2017, is attributed to sustained government support, and strategic integration into global value chains (GVCs) with a sharp policy pivot towards exports with the launch of the Production Linked Incentive (PLI) Scheme in 2020, according to an official statemen