A Study of India's Role and Importance in Future Global Supply Chains
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This study discusses the role and importance India will play in the future global supply chain. Since the Sino-US trade war, the global political and economic situation has changed a lot. As the most populous country in the world, India plays a pivotal role in both production and consumption. The subsequent COVID-19 outbreak has brought about a big change in global economic thinking. What part India will play in the future role of the global economy deserves our attention. Therefore, this paper mainly studies the following questions. 1) Current status of India’s role in the global supply chain 2) After the Sino-US trade war, the division of work that India may play in the global supply chain 3) As a new supply chain role, what is missing in India’s political and economic situation at this stage? 4) The role India can play in future global supply chains. Use hermeneutics to conduct research, and make in-depth interpretations of the significance of recent major events from public information. The conclusions of this study show that India will become an important player in the global supply chain. While there are many issues to overcome, the external environment will provide it with a role as a major global supply chain player. Although it is currently mainly focused on the software industry, India is bound to enter the field of manufacturing in the future.
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