The World Economic Forum (WEF) has ranked India at 30th position among 100 countries on its Global Manufacturing Index (GMI).
The index was released as part of WEF’s first Readiness for the future of production Report which analysed development of modern industrial strategies and urges collaborative action.
Readiness for future of production Report
The report was developed by WEF in collaboration with A.T. Kearney.
It has categorised 100 countries into four groups viz. 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) or Nascent (limited current base, low level of readiness for future).
Top 3 countries in GMI:
- South Korea,
- China (25th),
- India (30th),
- Russia (35th),
- Brazil (41st) and
- South Africa (45th).
China was placed among ‘leading countries’. Indian and Russia were placed in ‘Legacy’ group while Brazil and South Africa are in ‘nascent’ ones.