Technology advances to end China's manufacturing dominance, open up new possibilities for India - The Economic Times

While China raced ahead to become a manufacturing superpower, India focused on IT services. Without the infrastructure and ability to displace populations, India had little choice. Meanwhile, US manufacturing suffered a steady hollowing out as its corporations rushed to China. Seduced by government subsidies, cheap labour, lax regulations and a rigged currency, these corporations had little choice. The next decade will, however, show that China's manufacturing advantage was short-lived.