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India is likely to emerge as the second most competitive economy in the world after China in term s o f manufacturing competitiveness in the next five years. As per the 2013 Global Manufacturing Competitiveness Index, five years from now, emerging economy nations would surge to occupy the top three spots. China would retain top spot, with India and Brazil moving up to claim second and third rankings respectively. Brazil’s jump from eighth to third is the largest jump expected over the next five years. India is rated this high rank mainly because of its huge talent pool, its strong domestic demand and the incredible geographic position.
The expertise India has in, services can be replicated in manufacturing as well provided challenges like education and infrastructure development are addressed. India's focused and comprehensive national manufacturing strategy, democratic governance and infrastructure development over the next five years may unlock the potential for CEOs around the world to see this rising star. Talent driven innovation is deemed the most critical driver of a nation’s competitiveness, while the second most important driver is the economic, trade, financial and tax system o f a nation. This study gathers data from more than 560 CEO s and senior manufacturing leaders and ranks the 38 countries in term s o f their manufacturing competitiveness at present and in the next five years
Passage II
India is likely to emerge as the second most competitive economy in the world after China in term s o f manufacturing competitiveness in the next five years. As per the 2013 Global Manufacturing Competitiveness Index, five years from now, emerging economy nations would surge to occupy the top three spots. China would retain top spot, with India and Brazil moving up to claim second and third rankings respectively. Brazil’s jump from eighth to third is the largest jump expected over the next five years. India is rated this high rank mainly because of its huge talent pool, its strong domestic demand and the incredible geographic position.
The expertise India has in, services can be replicated in manufacturing as well provided challenges like education and infrastructure development are addressed. India's focused and comprehensive national manufacturing strategy, democratic governance and infrastructure development over the next five years may unlock the potential for CEOs around the world to see this rising star. Talent driven innovation is deemed the most critical driver of a nation’s competitiveness, while the second most important driver is the economic, trade, financial and tax system o f a nation. This study gathers data from more than 560 CEO s and senior manufacturing leaders and ranks the 38 countries in term s o f their manufacturing competitiveness at present and in the next five years
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