India on global radar as companies look to shift part of operations from China
China India

India on global radar as companies look to shift part of operations from China

By Ritu, Capital Sands   Companies are reportedly considering moving at least part of their supply chains to India in a bid to reduce dependence on China after the coronavirus pandemic. Manufacturers—global and domestic—are in talks with Indian companies to scale up operations for automobile components and electronic products from India, executives told the Livemint. This comes […]

China posts first GDP decline on record as coronavirus cripples economy
China

China posts first GDP decline on record as coronavirus cripples economy

By Administrator_India Capital Sands China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending, raising pressure on authorities to do more to stop mounting job losses. GDP fell 6.8% in January-March year-on-year, official data showed on Friday, larger than the 6.5% decline […]