India has emerged as a global manufacturing hub and effectively surpassed the United States to become the world’s second most desired manufacturing destination. This indicates the growing interest in India by manufacturers as a preferred manufacturing hub over other countries including the United States and the manufacturing giant nation, China. India’s ranking was reflected in Cushman & Wakefield’s 2021 Global Manufacturing Risk Index. The index ranks 47 countries across Europe, the Americas, and the Asia Pacific.
About global Manufacturing Risk Index:
Based on the most favourable locations for international manufacturing, Cushman & Wakefield’s Manufacturing Risk Index report ranks countries based on a range of factors including:
- Risk and cost factors
- Political and economic risk
- Market conditions and labour costs Market Access