In accordance with the “Cushman & Wakefield’s 2020 Global Manufacturing Risk Index (MRI)” India ranks 3rd in the Baseline Scenario,3rd in Cost Scenario & 30th in Risk Scenario.
The Index ranks the countries in the above 3 Scenarios based on most-suitable locations for global manufacturing among 48 countries in terms of cost, competitiveness and operating conditions.
Top 3 Ranking
In Baseline scenario, India is ranked at 3rd position after China and United States (US).It gives equal importance to cost, competitiveness and operating conditions.
In cost scenario, India is at 3rd position after China and Vietnam. The MRI cost scenario places greater emphasis on cost reduction to give a higher score to countries where operating costs, including labour, are lower.
In the risk scenario, India ranks 30th which has been topped by Canada. Countries that present lower levels of political and economic risks are ranked higher.
The index had accessed the countries in four key areas viz. Bouncebackability, Conditions, Costs, and Risks. Following table shows the top 3 countries:
| Rank | Country |
| Baseline Scenario | |
| 1 | China |
| 2 | United States (US) |
| 3 | India |
| Cost Scenario | |
| 1 | China |
| 2 | Vietnam |
| 3 | India |
| Risk Scenario | |
| 30 | India |
| 1 | Canada |
| 2 | United States (US) |
| 3 | Singapore |
India: Upcoming manufacturing hub globally
As per property consultant Cushman & Wakefield India is an upcoming manufacturing hub globally from an operating conditions and cost-competitiveness perspective. In the backdrop of the COVID-19 scenario, the Indian government has reiterated its agenda to launch fresh measures that would give a boost to setting up of a more conducive environment to make India a manufacturing hub.
About MRI:
MRI is an annual ranking of the most suitable locations for global manufacturing among 48 countries in Europe, Americas and the Asia-Pacific which scores each country against 20 variables.
- The MRI 2020 also included analysis of the impact of COVID-19 on the global manufacturing sector and ranked countries by their projected ability to restart their manufacturing sectors once confinement measures are relaxed and business starts to return to normal.
About Cushman & Wakefield:
President– John Forrester
Headquarter– Chicago, Illinois, United States (US)
