business π’ India's shipbuilding gap vs China's dominance
Sanjeev Sanyal highlighted India's massive deficit in global shipbuilding capacity during News18 DEFCON 2026. China currently produces about 55% of the world's ships, while India contributes less than 1% globally. Despite having a large labour force and strong steel industry, the current sector framework is hindering growth. Sanyal warned that high dependence on foreign shipping makes India vulnerable to disruptions from major lines. He urged a serious shift towards an economic and maritime perspective for the nation. π’