- As per the index ranking, India is placed at 2nd position and has thus become the world’s second most desired manufacturing destination.
- The top position is marked by China.
- The 3rd position is marked by the US.
- In 2020, India was at 3rd rank, but due to the improvements in working conditions, cost competitiveness, India’s rank has improved in 2021.
- The index calculated ranks for 47 countries based on the parameters like:
- Bounce Back: Ability to restart manufacturing tasks after the vaccination drives rolled out
- Conditions: This includes business environment, availability of labour and skill sets, access to market
- Costs: It includes labour cost, electricity and real estate
- Risks: Political, Environmental and Economical risks are considered
- Static Part:
- HQ of Cushman & Wakefield: Chicago, Illinois, US
Question:
Q.1 What is the rank of India in the Global Manufacturing Risk Index which was released by Cushman & Wakefield?
a. 4th
b. 2nd
c. 6th
d. 9th
a. 4th
b. 2nd
c. 6th
d. 9th
