India as a Manufacturing Powerhouse
A NYT article talks about how India is gaining ground against China in the manufacturing industry. “Made in India”…..baby !!!!
India’s emergence as a manufacturing hub comes as multinationals look for alternatives to China. A talent shortage is lifting wages there, and that could make Chinese goods costlier and help India compete against China’s smooth and comprehensive infrastructure, an advantage that reduces its cost of production.
“Increasingly, what we’re seeing is that multinational manufacturers have a lot more interest in India,” said Ng Buck Seng, head of Asia research at Manufacturing Insights, a consultancy that advises foreign manufacturers.
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