Ankara: India will not be able to replace China in trade with the US in the short term, even if an agreement is reached, as Washington seeks to diversify its supply chain, experts told Anadolu.
According to Anadolu Agency, as the US-China trade war continues with no solution in sight, the US's approach to India has come to the fore. Treasury Secretary Scott Bessent stated that one of the first agreements could be made with India to shift the investments of US enterprises to the country as an alternative to China, the world's largest manufacturing hub.
Sant Manukyan, international capital markets manager at Trkiye-based IS Investment, expressed that it is 'not possible' for India to replace China in the short term. He highlighted that in terms of expertise, infrastructure, and legal frameworks, this transition is not feasible quickly. However, he acknowledged the potential for a long-term plan to achieve this shift. Manukyan also pointed out that this strategy should not merely be seen as seeking an alternative supplier but also as a move to prevent India from aligning with the China-Russia duo.
Filiz Eryilmaz, assistant professor of economics at Bursa Uludag University in Trkiye, commented on the US's ultimate goal, which could be to hinder China's advancements, particularly in artificial intelligence. She noted that while India might attempt to fill the gap China could leave, the challenges in sectors such as textiles, automotive, and supporting industries would hinder India's ability to fully replace China in the short term.