India’s supply chain push - BusinessLine

India's manufacturing Purchasing Managers' Index (PMI) reached a 31-month high in May, while China's PMI dropped to a five-month low. The survey revealed that 87.9% of CEOs view India as their top alternative to China. India's growing presence in the global supply chain is driven by strong international partnerships. Despite challenges from the pandemic, India has shown resilience and become a preferred destination for companies seeking to diversify their supply chains. Initiatives such as the Production Linked Incentive scheme and improved logistics infrastructure have boosted India's position. The country's innovative solutions and expertise will further strengthen its role in the global industry.

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