The
pandemic exposed tons of human realities, one of them being ‘global supply
chain,’ the epicentre of which lies at China, or East Asia essentially. It was
in wake of this along with the lingering tensions between China and the USA
over a variety of issues including trade that the calculations of supply
changes started bothering everyone alike. India, and for that matter, South
Asia, is best positioned to fill that vacuum and take the lead. Historically,
South Asia played a calculated role in supply chains but with the turn of
century things have changed. With new responsibilities and opportunities lying
at the doorstep, India has all that it needs to take the leap forward. This
also coincides with India’s great power ambitions, as its economy strengthens,
so will its other sectors. India would need to grab this opportunity at the
earliest with more smart business strategies, hurdle reduction, private-public
collaboration, regional engagement, and outward oriented development
strategies, because no great power could succeed without the supply chain lead.
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