South Korean companies moving China offices to India!

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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.

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Place Confirmed Cases Active Cases Recoverd Cases Deaths India  1,31,009 72,962 54,179 3,860 World Wide 53,61,214 28,31,955 21,87,423 3,41,836   India - State wise Report OK State Confirmed Cases Deaths Andhra Pradesh 2714 56 Telangana 1813 49 Tamil Nadu 15512 104 Maharashtra 47190 1577 Gujarat 13669 829 Delhi 12910 231 Rajasthan 6657 156 Madhya Pradesh 6371 281 UP 5735 152 West Bengal 3459 269 Bihar 2394 11 Punjab 2045 39 Karnataka 1959 42 Jammu & Kashmir 1569 21 Odisha 1269 7 Haryana 1131 16 Kerala 795 5 Jharkhand 330 3 Assam 330 4 Uttarakhand 244 1 Chandigarh 225 3 Himachal Pradesh 185 4 Tripura 175 0 Chhattisgarh 172 0 Goa 55 0 Ladakh 49 0 Andaman & Nicobar Islands 33 0 Manipur 27 0 Puducherry 26 0 Meghalaya 14 1 Mizoram 1 0 Arunachal Pradesh 1 0 Dadar and Nagar...