Why India will never be the next China in a nutshell. Despite toxic Sino-American relations due to tech war, trade war, and the pandemic, China is confident enough to let Elon start a Giga factory in Shanghai. Initially it created competition for local car makers, but those who couldn’t adapt died and the Chinese auto industry became much stronger as a result. India, on the other hand, managed to create a toxic environment for foreign businesses despite companies like Apple, Dell, Ford, etc. trying to help them in an effort to derisk/decouple from China. They are satisfied with grifting companies for short term gain than any long term strategic thinking.