As we try to assess the longer-term implications of Russia’s vicious attack on Ukraine some conclusions come quickly and are hard to dispute. These are the known knowns.
After the reform-friendly Narendra Modi was elected Prime Minister of India in May 2014 and following the successful implementation of some significant economic reforms, India is truly at the focus of attention as an economic superpower in Asia.
China is at a turning point. Whereas the country was previously a major supplier of cheap labour, the price of Chinese production output has now risen to a point where many companies at the lower end of the value chain are moving their production facilities to cheaper countries.