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Cushman & Wakefield’s 2021 Global Manufacturing Risk Index

Published on August 25, 2021
Current Context: The Global Manufacturing Risk Index was released by Cushman & Wakefield.
Cushman & Wakefield’s 2021 Global Manufacturing Risk Index
  • 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
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