Prospects of India as China +1

The term "China Plus One" refers to a business strategy used by organisations, particularly multinational firms, to diversify their supply chain and production activities by include a different manufacturing or sourcing location in addition to China. This strategy gained popularity in reaction to a number of causes, such as the need to reduce the risks brought on by an overreliance on a single production base, rising costs in China, and geopolitical unpredictability. India presents itself as a desirable alternative location as multinational companies (MNCs) and enterprises try to diversify their production and sourcing activities away from China.