New Delhi, Jan. 31 -- Despite Indian exports attracting higher tariffs in the US market than Chinese shipments, the China-plus-one strategy remains relevant for multinational firms, chief economic adviser V. Anantha Nageswaran said in an interview.

However, he added that India will have to work harder to take advantage of the opportunity. Nageswaran said removal of the tariffs will make that choice easier for businesses looking at a supply chain revamp.

"These are, however, decisions taken by businesses with a longer time horizon of a decade or two or three, and the tariffs may not last that longer. From that perspective, the China-plus-one framework still remains very relevant for global business," said Nageswaran.

India's exports to ...