Even in this global landscape of heightened volatility and uncertainty, strategic shifts are creating unique opportunities. India's 'China Plus One' gains have been uneven. But the smartphone success story demonstrates what's achievable when policy, infrastructure and investment align. Electronics leads. But integration can deepen across sectors like auto components, automobiles, pharma and engineering goods. India is well-positioned to capture a larger share of low- and mid-tech manufacturing as supply chains diversify. To achieve this, it requires a pragmatic stance on China. Proliferation of FTAs should also open an even wider market for exporters.