India should plug into China's supply chain; FDI to benefit from China+1

To leverage the China plus one strategy, India must focus on FDI, enhancing electronic exports, and drawing lessons from Mexico and Vietnam. Key concerns include a $85 billion trade deficit, de-globalisation, economic coercion, policy choices, Chinese FDI in East Asia, and shifts in US-Europe sourcing. Risks involve China’s blockade on solar equipment, impacting EMDEs.