India and Vietnam: Leading the Charge in Global Trade Expansion
"Opportunities don't happen. You create them." - Chris Grosser The Future of International Trade: India and Vietnam Rising In the ever-changing world of international trade, two countries stand out: India and Vietnam. According to Nomura, these nations are set to gain the most from the China plus one strategy. This shift is expected to bring new growth opportunities for many Asian economies. Let’s explore how India, in particular, is gearing up for a big leap in exports and economic growth. India’s Export Boom Nomura’s report reveals that India’s exports are projected to soar to $835 billion by 2030, up from $431 billion in 2023. This significant rise is driven by India’s large domestic market, which attracts firms looking for supply chain alternatives to China. This means more companies are eyeing India as a new hub for their production needs. Key Sectors on the Rise Several industries are at the foref...