Business Standard

A half-trillion dollar shift away from China

There is an opportunity for countries to grab exports worth $450 billion that India cannot afford to miss

illustration: Binay Sinha
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Illustration: Binay Sinha

Neelkanth Mishra
These days rarely a day passes without trade wars making the headlines. And yet, despite more than a year of duties on US merchandise imports from China, and a synchronised global slowdown nearly universally blamed on the trade wars, the headline trade numbers do not seem to have changed much. To investigate this, Credit Suisse surveyed a hundred global companies (with a combined $1 trillion in annual sales), and pored over trade statistics as well as longer-term economic trends.

Beyond the obvious policy uncertainty (negotiations are still ongoing), we found two main reasons why there has not yet been a
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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