India and Vietnam aim to turn ‘China plus one’ rivalry into trade gains

India and Vietnam could turn their competition for “China plus one” investments into a complementary partnership, analysts say, combining New Delhi’s scale and technology capabilities with Hanoi’s manufacturing agility and links to East Asian supply chains.

Such a shift could deepen both nations’ roles in global production networks across high-value industries – from electronics and pharmaceuticals to renewable energy – while giving companies reliable alternatives as they diversify supply chains...