Global Manufacturing Index (GMI) 2018

  • India is ranked 30/100
  • Index released by World  Economic Forum
  • It analyses and measures how well positioned 100 countries will shape and benefit from changing nature of production through adoption of emerging technology as part of Fourth Industrial Revolution in production.
  • It calls for new and innovative approaches to public-private collaboration are needed to accelerate transformation.
  • 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).
  • China was placed among ‘leading countries’. Indian and Russia were placed in ‘Legacy’ group while Brazil and South Africa are in ‘nascent’ ones.
  • About India:
    • It is 5th-largest manufacturer in world with total manufacturing value added of over US $420 billion in 2016.
    • Its manufacturing sector has grown by over 7% per year on average in past three decades and accounts for 16-20% of India’s GDP.
    • Demand for Indian manufactured products is rising.
    • India was ranked 9th in terms of scale of production and at 48th place for complexity.
    • It was ranked 3rd for market size.
    • It was ranked poorly (90th or even lower) in parameters like female participation in labour force, trade tariffs, regulatory efficiency and sustainable resources.

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