India winning global manufacturing battle, BCG report shows impact of supply chains shifting away from China

India has emerged as a winner in global manufacturing, with its exports to the US increasing by $23 billion, a 44% rise from 2018 to 2022. In contrast, China experienced a 10% decline in exports to the US during the same period. This shift in manufacturing and sourcing occurred due to trade wars, the pandemic, geopolitical tensions, and supply bottlenecks.