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Daily Current Affairs

India tops list of countries with cheapest manufacturing costs

Current GK (SBI-CL) Others

05-Nov-22

India has edged past China and Vietnam to be ranked as the country with the cheapest manufacturing cost, as per a list compiled by US News and World Report.

The country has an overall 'Open for Business' score of 37, the report said. It added that India has scored low on other scales - 16.2/100 when it comes to 'favourable tax environment', 18.1/100 in the 'not corrupt' sub-category and 3.5 in 'transparent government policies'.
On a scale of 100, India has scored cent percent when it comes to cheap manufacturing costs, the survey conducted by the American media company suggested.
The report, however, gives India a score of 81.9/100 in the 'not bureaucratic' sub-category.