China has eaten European manufacturing, India will eat most of Europe Service jobs through remote positions. Europe will be saddled with debts, looking like a disfunctional Argentina squabbling about populist socialist /nationalist talking points.
Exporting the manufacturing of to china is currently seen by many as a mistake (especially deindustrialization in regards to military hardware).
I highly doubt service jobs will be exported, especially considering the many different languages and the fragmentation of those languages.
Generative AI may help with the export or deprecation of service jobs.
Right now Eastern Europe due to bilingualism is a Hub for this: Poland, Czechia, Romania, Albania.
India will become appealing when most European business jargons will be english first. Already happens in Software dev, Marketing, Product design, even Legal / compliance, etc...