India maintains an edge over Latin America’s emerging giant Mexico, but it still falls short of becoming the next China, according to an Oxford Economic Research Briefing. Multinationals face increasing pressure to diversify and de-risk their supply chains, moving away from over-concentrated networks and long-standing dependence on China. The UK-based research body utilised an in-house tool to assess India and Mexico’s attractiveness as alternatives to China for production hubs, evaluating strengths and weaknesses across five key dimensions. The ‘Market Compass’ tool results highlight that the…