{"id":128708,"date":"2021-08-26T19:38:53","date_gmt":"2021-08-26T14:08:53","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=128708"},"modified":"2021-08-27T11:41:57","modified_gmt":"2021-08-27T06:11:57","slug":"india-pips-us-to-rank-second-in-list-of-most-attractive-manufacturing-hub-globally-china-first","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-pips-us-to-rank-second-in-list-of-most-attractive-manufacturing-hub-globally-china-first\/","title":{"rendered":"India pips US to rank second in list of most attractive manufacturing hub globally; China first"},"content":{"rendered":"<p><b>Source: <\/b><a href=\"https:\/\/indianexpress.com\/article\/business\/economy\/india-pips-us-to-rank-2nd-in-list-of-most-attractive-manufacturing-hub-globally-china-1st-7468753\/\"><b>Indian Express<\/b><\/a><\/p>\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The Global Manufacturing Risk Index 2021 has been released.<\/span><\/p>\n<h5><b>About Global Manufacturing Risk Index:<\/b><\/h5>\n<ol>\n<li><b>Released by: <\/b><span style=\"font-weight: 400;\">US-based property consultant Cushman &amp; Wakefield<\/span><\/li>\n<li><span style=\"font-weight: 400;\"><strong>Purpose:<\/strong> To assess and rank the <\/span>most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC).<\/li>\n<li><b>Parameters: <\/b><span style=\"font-weight: 400;\">The ranking is determined based on four key parameters:<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">Country\u2019s capability to restart manufacturing<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Business environment (availability of talent\/labour, access to markets)<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Operating costs<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Risks (political, economic and environmental).<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h5><b>Key Findings of the Index:<\/b><\/h5>\n<ol>\n<li><b>India has overtaken<\/b><span style=\"font-weight: 400;\"> the United States (US) to become the second-most sought-after manufacturing destination globally.<\/span><\/li>\n<li><b>China remains at the number one<\/b><span style=\"font-weight: 400;\"> position and the US is now at the third position.<\/span><\/li>\n<\/ol>\n<h5><b>Reasons for India\u2019s improvement in ranking:<\/b><\/h5>\n<ol>\n<li style=\"font-weight: 400;\"><b>India\u2019s improvement in ranking <\/b><span style=\"font-weight: 400;\">can be attributed to India\u2019s operating conditions and cost competitiveness.<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India has a huge population, which means a younger workforce with innovative capabilities that has the potential to fuel the country\u2019s manufacturing sector.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\"><b>The improvement in ranking can be also attributed <\/b><span style=\"font-weight: 400;\">to plant relocations from China to other parts of Asia such as India where there is an already established base in pharma, chemicals and engineering sectors.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>However, <\/b><b>reforms in land and labour laws<\/b><span style=\"font-weight: 400;\"> are critical to ensure India\u2019s success as a global manufacturing hub.<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Source: Indian Express What is the News? The Global Manufacturing Risk Index 2021 has been released. About Global Manufacturing Risk Index: Released by: US-based property consultant Cushman &amp; Wakefield Purpose: To assess and rank the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC). Parameters: The ranking is&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-pips-us-to-rank-second-in-list-of-most-attractive-manufacturing-hub-globally-china-first\/\">Continue reading <span class=\"screen-reader-text\">India pips US to rank second in list of most attractive manufacturing hub globally; China first<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,1305,9],"tags":[8671,9347,4007],"class_list":["post-128708","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-index-reports-bodies","category-public","tag-changes-in-industrial-policy","tag-global-manufacturing-risk-index","tag-manufacturing-sector","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700774984,"cached_date":1704746179},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/128708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=128708"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/128708\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=128708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=128708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=128708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}