India can benefit from the trade war between the US and China because the US and China will explore options for suppliers from other countries to fulfill their demand. They will develop alternate markets for their products and seek new sources to meet their local demand.

India can focus on increasing exports from automotive, apparel and readymade sectors. India had come out with a policy of hardware manufacturing and a few large players, especially in mobile phones, had announced their plans for big investment in this sector. India has a very good eco system for hardware development and this could be a good opportunity for India to increase the growth of the hardware industry. Initiatives in India like Make in India, Industry 4.0 will make India attractive for foreign companies to make their investments here.

Auto components is another big opportunity. In the last few years, India has become very competitive in the auto sector and has emerged as the most preferred location for manufacturing small cars in the world. Further, the eco system for the auto sector in India is well developed. All players in the market invest on innovation, R&D and produce global quality vehicles. FDI regulations for this sector are very liberal. Indian auto and auto component manufacturers can capitalise on this emerging opportunity.