In this discussion with Blake Morrow of Traders Summit, I examine whether U.S. corporations are really moving from China to India, and why the idea that India will replace China as a manufacturing power is deeply flawed.

Manufacturing does not move merely because wages are low. It requires infrastructure, discipline, logistics, legal reliability, social trust, and a culture capable of large-scale execution. India’s deeper institutional and cultural weaknesses make this transition far less straightforward than the headlines suggest.

Watch the full discussion below:

Key Takeaways

• Why the “China to India” corporate migration story is exaggerated
• Why India will not replace China as a manufacturing base
• How infrastructure, logistics, and social trust shape investment
• Why low wages alone do not create industrial competitiveness
• The deeper cultural and institutional barriers to India’s rise