The World Economic Forum WEF has released its Global Manufacturing Index Consider the following abou...........

Economic Affairs Others

Download Solution PDF

The World Economic Forum (WEF) has released its Global Manufacturing Index. Consider the following about it.

India does not come under top 10 in the list.
India has performed worse than all other BRICS countries in this index.

Which of the above is/are correct?

1 only

2 only

Both 1 and 2

None

छोटे Courses बड़े Results

Master Others

Prepare through Micro-courses

Try Now

Explanation:

This is WEF’s first ‘Readiness for the future of production report’. The report has categorised 100 countries in four major groups for its ranking:

Leading (strong current base, high level of readiness for future).
High Potential (limited current base, high potential for future).
Legacy (strong current base, at risk for future).
Nascent (limited current base, low level of readiness for future). Performance of various countries:

Japan has topped the list. Japan is followed by South Korea, Germany, Switzerland, China, Czech Republic, the US, Sweden, Austria and Ireland in the top 10. India is at the 30th position, five places below China, but higher than the other BRICS members Brazil, Russia and South Africa. India has been placed in the “Legacy” group. In terms of scale of production, India has been ranked 9^th.