New Delhi, June 14 -- Despite the ongoing global turbulence, India's economic growth remains robust, said Sanjeev Sanyal, a member of the PM's Economic Advisory Council. However, as the US and China shape a world increasingly split between two distinct supply chains, India must adapt swiftly and act boldly, with American reshoring offering a potential advantage, he told Mint.

He added that with limited immigration, openings in services such as IT and consulting will grow, and India is well-placed to fill the gap.

At home, though, falling birth rates pose a major risk as India is 15 years past its peak in terms of annual births, leading to shrinking classrooms. Indians are simply not having enough babies, Sanyal said, adding that the shi...