Can India Become A Major Manufacturing Hub for Multinationals?
Recent HSBC Asian Economic Insight report states, "Infrastructure, Better tax levels, Cost of capital, SSI reservation policy, Labor productivity have improved in India to increase competency in manufacturing."
India is undergoing structural transformation with manufacturing increasing its role in the Indian economy. Manufacturing sector now accounts for about a fifth of India’s GDP, contributes 50 per cent of FDI, 75 per cent of exports, and employs 11 per cent of the workforce.
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Tags: Manufacturing Hub , Major Manufacturing Hub , Manufacturing Hub For Mul , Major Manufacturing Hub F
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