The World Economic Forum (WEF) has ranked India at 30th position on a global manufacturing index – below China’s 5th place but above other BRICS peers, Brazil, Russia and South Africa.
Japan has been found to have the best structure of production in the Geneva-based WEF’s first ‘Readiness for the future of production report’ and is followed by South Korea, Germany, Switzerland, China, Czech Republic, the US, Sweden, Austria and Ireland in the top 10. Among BRICS nations, Russia is ranked 35th, Brazil 41st and South Africa at 45th place.
Static/Current Takeaways Important for IBPS Clerk Mains Exam 2018-
- WEF was established in 1971.
- The WEF is the International Organization for Public-Private Cooperation.
- President of the World Economic Forum- Borge Brende.
Source- The Hindu Business Line