- 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.