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for example, Germany and US are ranked on the 2nd and 3rd in this list??? while if you check the table 2 of this report then we find Indonesia, Vietnam on the 17th and 18th place, while there is no place for Philippines, and these three South Asian Nations are also on the high industrialization path, and these 3 countries have 'Average' Per Capita Income, very close to India as below?
https://www.cia.gov/library/publica...dia&countrycode=in®ionCode=sas&rank=166#in
in fact, Philippines is formly placed among the Newly Industrialized Nations as below......
https://en.wikipedia.org/wiki/Newly_industrialized_country#Current_NICs
too many factors lead to this ranking, which includes Infrastructure, competency and availability of High Qualified to mechanic level skills, ease to do business, competitive business environment, government support for the business etc. and here its good to see that India is ranked far above the countries like Thailand, Malaysia, Brazil, Argentina, Philippines, Mexico, Turkey type the newly industrialized nations who are among the middle order countries, hence having less than 50% people among the Middle Class category, so cheap labor is available in these NICs also......
SEZs, (special economic zones), of India, along with very high competent high to low skilled workers, high level of business competency due to the business environment itself etc. led to Indian high rank in this list
hmmm, i don't think the above report, post#60, Manufacturing Competitiveness is based on cheap labor supply only :ranger:Theres a difference in working cheap and being productive.
for example, Germany and US are ranked on the 2nd and 3rd in this list??? while if you check the table 2 of this report then we find Indonesia, Vietnam on the 17th and 18th place, while there is no place for Philippines, and these three South Asian Nations are also on the high industrialization path, and these 3 countries have 'Average' Per Capita Income, very close to India as below?
https://www.cia.gov/library/publica...dia&countrycode=in®ionCode=sas&rank=166#in
in fact, Philippines is formly placed among the Newly Industrialized Nations as below......
https://en.wikipedia.org/wiki/Newly_industrialized_country#Current_NICs
too many factors lead to this ranking, which includes Infrastructure, competency and availability of High Qualified to mechanic level skills, ease to do business, competitive business environment, government support for the business etc. and here its good to see that India is ranked far above the countries like Thailand, Malaysia, Brazil, Argentina, Philippines, Mexico, Turkey type the newly industrialized nations who are among the middle order countries, hence having less than 50% people among the Middle Class category, so cheap labor is available in these NICs also......
SEZs, (special economic zones), of India, along with very high competent high to low skilled workers, high level of business competency due to the business environment itself etc. led to Indian high rank in this list