India Ranks 30th on WEF’S Global Manufacturing Index (Download PDF)

()

Download PDF of This Page (Size: 205.04 K)

The World Economic Forum released a report that ranked countries according to their Global Manufacturing Index. India made it to the 30t position, while Japan topped the list. The ranking was based on the WEF’s ‘Readiness for the Future of Production’ report.

Image of India ranks 30<sup>th</sup> on WEF’s Global Manufacturing Index

Image of India ranks 30th on WEF’s Global Manufacturing Index

Image of India ranks 30th on WEF’s Global Manufacturing Index

  • The report analyses the development of modern industrial strategies in different countries.

What is Global Manufacturing Index?

The Index places all countries in four groups

  • Leading (strong current base, high level of readiness for future)

  • High Potential (limited current base, high potential for future)

  • Legacy (strong current base, at risk for future)

  • Nascent (limited current base, low level of readiness for future).

Which Countries Are Placed in the Different Groups?

  • India has been placed under the category of ‘Legacy’ along with Mexico, Philippines, Russia, Thailand, Turkey, and others.

  • While China was placed among ‘leading’ countries, Brazil and South Africa found places among the ‘Nascent’ countries.

How Well Did India Do?

  • In an overall picture, India ranked better than its neighbours including Sri Lanka (66th), Pakistan (74th), Bangladesh (80th).

  • Other countries that ranked below India include Turkey, Canada, Indonesia, New Zealand, Australia, Hong Kong, Mauritius, and UAE.

According to WEF, What Are the 2 Challenges Faced by India (Important)?

  • human capital

  • sustainable sources.

Measures Suggested by WEF to Expand Indian Manufacturing Sector?

  1. Upgradation of education curricula

  2. Revamping vocational training programmes

  3. Improving digital skills

  4. Diversifying its energy sources

  5. Reducing emissions

Other Indian Ranks

  • It is 5th largest manufacturer in world.

  • In terms of scale production, India found itself in the 9th position.

  • For complexity, it ranked 48th.

  • India’s performance was the best under market size, bagging the third rank.

Poor Performing Fields for India

  • Female participation in labour force (lower than 90th)

  • Trade traffics

  • Regulatory efficiency

  • Sustainable resources

What is WEF?

  • WEF is an independent international organization committed to improving state of world by engaging in business, political, academic, and other leaders of society to shape global, regional and industry agendas.

  • It was incorporated as a not-for-profit foundation in 1971.

  • Its headquarters are in Geneva, Switzerland.

- Published/Last Modified on: March 11, 2018

Ranks & Indices

Monthy-updated, fully-solved, large current affairs-2018 question bank(more than 2000 problems): Quickly cover most-important current-affairs questions with pointwise explanations especially designed for IAS, CBSE-NET, Bank-PO and other competetive exams.