American companies running away from China will make India their new home with millions of crores of rupees

US-China Trade War: There has been a trade war going on between America and China for a long time. Due to this, the business relations between the two countries remain tense. Apart from this, China’s economy is also going through a phase of economic slowdown. At the same time, in the last few years, the business and political relations between India and America are becoming cordial. In such a situation, now the American companies that have expanded their business in China want to find new ways. They find India to be the most suitable country after China.

According to a report, soon more than 15 American companies can make India their new home. They will also bring with them investments worth lakhs of crores of rupees. This will not only increase foreign investment in India but there is every possibility of creating lakhs of jobs as well.

About 15 companies are interested in going to India

According to the report of the US Chamber of Commerce, the desire of American companies to move out of China is increasing. About 50 companies have made up their mind about this. They have invested about Rs 12 lakh crore in China. About 15 of these want to take their business to India. 306 companies were included in this report.

India came from 5th to 2nd position in the list

The report claims that investors now like India more than Mexico, America and Europe. Last year, India was at number 5 in this report based on investors’ choice. This year India has come to number two. South East Asia region is at number one. Indonesia, Singapore and Malaysia still remain the first choice of investors. China is losing its charm among investors.

These companies are liking India

According to the report, management consulting companies are liking India a lot. Last year, about 40 percent of American companies were planning to invest in China. Now they want to go to India. 54 percent of companies in the management consulting sector have expressed such a desire. The garment and manufacturing sectors have also shown interest in investing in India. They have expressed their priority. Most of the 306 American companies included in the US Chamber of Commerce report agreed that a good environment is being created for investment in India. India’s large market is also encouraging them.

The atmosphere in China changed after Corona

After Corona, the investment environment in China has changed rapidly. Foreign companies are not liking the strict policies. The government has changed the policies to deal with challenges like unemployment and aging population. The unemployment rate among youth aged 16 to 24 in China has reached 21.3 percent. This is the highest in 3 decades. Along with this, the aging population of the country has also become a problem. China’s economic stability is also in a fragile state at this time.

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