India's Aspiration to Lead Manufacturing Industry Challenges Vietnam's Dominance
Tuesday, 2 April 2024, 00:17
India's Manufacturing Ambitions
India is on track to become a top manufacturing hub, aiming to attract global companies seeking to diversify their production bases due to geopolitical risks.
Challenges in the Competition with Vietnam
India possesses immense potential but currently lags behind Vietnam in infrastructure, ease of doing business, and skilled labor availability.
Nevertheless, increasing investments, policy reforms, and infrastructure development are essential for India to emerge as a formidable competitor.
- Enhancing infrastructure
- Improving business environment
- Upskilling workforce
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.