July 20, 2023 9:57 AM

India has opportunity to create jobs in manufacturing sector by tapping into ‘China plus one’ opportunity, says World Bank President Ajay Banga

World Bank President Ajay Banga has said that India has an opportunity to create jobs in the manufacturing sector by tapping into the ‘China plus one’ opportunity, but that window is available only for a short period of time. He said, this opportunity will not stay open for 10 years. This is a three-to-five-year opportunity when the supply chains start adding on in another location, Mr Banga told reporters in New Delhi. While sounding upbeat on India, the World Bank chief said that 15-20...