New Delhi, July 2 -- China accounts for over 30% of global manufacturing output-a figure the UN estimates could rise to 45% by 2030. However, for global manufacturers, 'China Plus One' (CP1) has emerged in recent years as a strategic imperative to diversify supply chains and reduce overdependence on China.

For countries like India, CP1 was seen as an opportunity to become a credible alternative. But that window is narrowing. Amid global trade uncertainty and tariff wars, the CP1 paradigm faces new challenges. For India to benefit meaningfully, CP1 must be treated as a foundation for long-term, policy-driven industrial growth.

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CP1 was built on three key assumpt...