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Geopolitical realities after Covid-19 and implications for the Indian economy

- Prof. Dr. Heribert Dieter

Prof. Dr. Heribert Dieter is Visiting Professor, Asia Global Institute, The University of Hong Kong, and Senior Fellow, German Institute for International and Security Affairs, Berlin

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The outbreak of the SARS-CoV-2 virus and the disease it causes has consequences for domestic and foreign policies countries all over the world. The crisis will further deepen the rift between China and many, if not most OECD-countries. These geopolitical shifts will have a significant effects on manufacturing. Policymakers will be willing to shed a little efficiency to reduce dependence on China. Therefore, the current crisis will result in new opportunities for many economies, but some will of course benefit more than others. India will most probably belong to the major beneficiaries of the coming new form of globalization.

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