Indian economy

World Economic Forum ranks India 30th on manufacturing index, says demand for its goods rising

Among BRICS countries, India is ranked behind China but is ahead of Brazil, Russia and South Africa.

The World Economic Forum on Friday ranked India 30th on a global manufacturing index, which measures which countries are best placed to benefit from the changing nature of production due to improvements in technology. As many as 100 countries were included in the “Readiness for the Future of Production Report 2018”.

India was ranked 30th on the structure of production, or the baseline of production in the country today, which takes into account the scale and complexity of production. Among BRICS countries, India is ranked behind China (which is at fifth place) but ahead of Brazil, Russia and South Africa.

All countries were also ranked on the drivers of production – which include the level of technology and innovation, human capital, sustainable resources, demand etc. India was ranked 41st on this parameter.

Japan was ranked first on the structure of production, and the United States on the drivers of production.

The report, which analyses development of modern industrial strategies across the world, has categorised the 100 countries into four different groups – Leading countries (strong current base of production and high level of readiness for the future), High Potential countries (limited current base, high potential for future), Legacy countries (strong current base, at risk for the future, and Nascent countries (limited current base, low level of readiness for the future).

India has been categorised as a “legacy” country, along with Russia, Hungary, Mexico, Philippines, Thailand and Turkey among others. China is said to be a “leading” country, while South Africa and Brazil have been included in “nascent” countries.

The World Economic Forum said India is the fifth largest manufacturer in the world, with a total manufacturing value of $420 billion (Rs 26 lakh crore) in 2016. The international group said that India’s manufacturing sector had grown by an average of 7% per year over the last three decades, and accounted for 16%-20% of the country’s Gross Domestic Product.

“Home to the second-largest population in the world and one of the fastest growing economies, the demand for Indian manufactured products is rising,” the report added. “India has room for improvement across the drivers of production, except for demand environment where it ranks in the top five.”

The report said India needed to continue raising the capabilities of its young and fast-growing labour force. It called for upgrading education curricula, revamping vocational training programmes and improving digital skills. The report also recommended expansion of India’s energy sources and reduction of carbon emissions as its manufacturing sector continues to grow.

Support our journalism by paying for Scroll+ here. We welcome your comments at
Sponsored Content BY 

Bringing the glamour back to flying while keeping it affordable

The pleasure of air travel is back, courtesy of an airline in India.

Before dinner, fashionable women would retire to the powder room and suited-up men would indulge in hors d’oeuvres, surrounded by plush upholstery. A gourmet meal would soon follow, served in fine tableware. Flying, back in the day, was like an upscale party 35,000 feet up in the air.

The glamour of flying has been chronicled in Keith Lovegrove’s book titled ‘Airline: Style at 30,000 feet’. In his book, Lovegrove talks about how the mid-50s and 60s were a “fabulously glamorous time to fly in commercial airlines”. Back then, flying was reserved for the privileged and the luxuries played an important role in making travelling by air an exclusive experience.

Fast forward to the present day, where flying has become just another mode of transportation. In Mumbai, every 65 seconds an aircraft lands or takes off at the airport. The condition of today’s air travel is a cumulative result of the growth in the volume of fliers, the accessibility of buying an air ticket and the number of airlines in the industry/market.

Having relegated the romance of flying to the past, air travel today is close to hectic and borderline chaotic thanks to busy airports, packed flights with no leg room and unsatisfactory meals. With the skies dominated by frequent fliers and the experience having turned merely transactional and mundane, is it time to bid goodbye to whatever’s enjoyable in air travel?

With increased resources and better technology, one airline is proving that flying in today’s scenario can be a refreshing, enjoyable and affordable experience at the same time. Vistara offers India’s first and only experience of a three-cabin configuration. At a nominal premium, Vistara’s Premium Economy is also redefining the experience of flying with a host of features such as an exclusive cabin, 20% extra legroom, 4.5-inch recline, dedicated check-in counter and baggage delivery on priority. The best in class inflight dining offers a range of regional dishes, while also incorporating global culinary trends. Other industry-first features include Starbucks coffee on board and special assistance to solo women travellers, including preferred seating.

Vistara’s attempts to reduce the gap between affordability and luxury can also be experienced in the economy class with an above average seat pitch, complimentary selection of food and beverages and a choice of leading newspapers and publications along with an inflight magazine. Hospitality aboard Vistara is, moreover, reminiscent of Singapore Airlines’ famed service with a seal of Tata’s trust, thanks to its cabin crew trained to similarly high standards.

The era of style aboard a ‘flying boat’ seems long gone. However, airlines like Vistara are bringing back the allure of air travel. Continuing their campaign with Deepika Padukone as brand ambassador, the new video delivers a bolder and a more confident version of the same message - making flying feel new again. Watch the new Vistara video below. For your next trip, rekindle the joy of flying and book your tickets here.


This article was produced by the Scroll marketing team on behalf of Vistara and not by the Scroll editorial team.