India's Labour-Intensive Manufacturing: Competing on the World Stage
Thursday, 26 September 2024, 03:38
Current State of India's Labour-Intensive Manufacturing
India's manufacturing industry sees about 11% of its workforce engaged in production, which is significantly lower than comparable countries. This percentage has remained stagnant over the years, raising concerns about international competitiveness.
Essential Strategies for Growth
- Enhancement of Technological Adoption: Investing in technology can streamline production processes.
- Export Boosting Initiatives: Targeting international markets, especially in textiles and garments, can elevate India's export figures.
- Workforce Training Programs: Upskilling the workforce is vital for maintaining product quality and standards.
Concluding Insights
To remain competitive in the global landscape, India must implement transformative strategies in labour-intensive manufacturing. Only with strategic planning can India carve out a stronger position in the manufacturing sector.
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.