The trade war between USA and China is set to raise employment in India. It is known that US is not happy with China and is planning to impose restrictions on ‘Made in China’ products. Considering this fact, the countries having great market in USA like South Korea are moving out their offices from China, to save their business.
The next best destination in the world for these companies turned out to be India. As of now, South Korean companies Hyundai and Posco are aiming to move their facilities from China to Andhra Pradesh, India. Few more startups and a company in hospitality sector will be moving their offices from China to India.
It is a fact that the Indian economy is in tough state due to Covid-19, but the GDP of the nation is expected to be around 1.9% which is said to be the highest among the G20 nations for 2020. But in 2021 and 2022, India is expected to show the highest GDP raise with more and more companies and jobs in the nation. Good days ahead for India.