NEW DELHI—The year 2021 saw China gaining a smaller share of global supply chain investments, compared with the previous year, while India turned out to be a beneficiary of global companies looking for alternate manufacturing locations. Global trends, geopolitical rivalries, and India’s national economic policies for self-reliance are likely to ensure that this trend will continue. A global business analyst said India’s long-term success as an alternate manufacturing base for the global supply chain will depend upon the nation’s solutions for sustainable national water management. Gopal Reddy, the founder of Ready for Climate and previously founder and CIO of Chakra Capital Partners, a long/short equity hedge fund, told The Epoch Times over the phone that India should work ahead of time to avoid repeating China’s grave water crisis, which today threatens the global supply chain. Reddy said water is an “unseen, vital input” for all economic activity, and the lack …