New Delhi, April 22 -- Caught in the crossfire of a steep 245 percent tariff hike on imports from China by the Trump administration, China has begun to lose its hegemony in global supply chains. In the aftermath, a new opportunity is emerging for India to position itself as a global hub for supply chain manufacturing.

In the post-COVID-19 era, Vietnam initially rose as an alternative to China. However, its appeal as a low-cost manufacturing hub for exports to the US has been dented by a 46 percent tariff hike imposed by Washington-second only to that levied on China.

This has opened up a window of opportunity for India to present itself as a more viable alternative to both China and Vietnam in the global supply chain landscape.

The Uni...