OECD Highlights India's Rising Role in Global Supply Chains Amid Lower Support Compared to China
India a key player in global supply chains despite less support: OECD

Image: Asianet Newsable
The OECD reports that India is becoming a significant player in global manufacturing supply chains despite receiving much less government support than Chinese firms. Key sectors include aerospace, industrial materials, heavy machinery, and steel, where India's influence is growing.
- 01Chinese firms receive three to eight times more government support than Indian firms, according to the OECD.
- 02India is increasingly involved in the aerospace and defense sectors, traditionally dominated by North America and Western Europe.
- 03The report notes a shift in industrial materials manufacturing towards Asia, particularly China and India.
- 04India is recognized as a significant producer in the heavy machinery sector, competing with established OECD countries.
- 05In the steel industry, India ranks alongside China and OECD countries, though China maintains a dominant global position.
Advertisement
In-Article Ad
The Organisation for Economic Co-operation and Development (OECD) has emphasized India's growing significance in global manufacturing supply chains, despite the country's lower levels of government support compared to China. The report highlights that Chinese firms receive three to eight times more subsidies than their Indian counterparts, which impacts their competitive edge. However, India is making strides in various sectors, particularly in aerospace and defense, where it is emerging as an important player alongside other Asian nations. The OECD also points out India's increasing role in industrial materials manufacturing, where it is gaining ground against traditional leaders like Europe and the United States. Additionally, India is recognized as a significant producer in the heavy machinery sector and shares the steel market with China and OECD countries, although China remains the global leader. Overall, while China benefits from substantial state support, India's position in global supply chains is steadily improving across multiple industries.
Advertisement
In-Article Ad
India's growing role in global supply chains could lead to increased job opportunities and economic growth in various sectors.
Advertisement
In-Article Ad
Reader Poll
How do you view India's position in global manufacturing compared to China?
Connecting to poll...
Read the original article
Visit the source for the complete story.

&w=1200&q=75)

