India has not gained much from a drop in China’s share in American imports, despite New Delhi’s close diplomatic relation with Washington and a recent push to boost its own local manufacturing base, a study by Rabobank shows.
The South Asian nation saw only a slight increase of its share in shipments to the US last year, according to the Rabobank report, as a trade war with China pushed American companies to diversify their supply chain away from the world’s second-biggest economy.
“One of the reasons why India hasn’t benefited more is because the largest shift is found in the