The government's announcement this week of a long-term contract to develop and operate a port in Iran through which India will be able to transport goods into Central Asia is an illustration of how India benefits from its policy of non-alignment. But that policy will be tested as the global economy splits into competing US-led and China-led blocs; Apple's apparent ambitions to produce 25% of iPhones in India within the next few years demonstrates the potential benefits of leaning towards the US.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services