Professor of Economics Panos Mourdoukoutas recently interviewed Ambrose Conroy on if India can replace China as the factory of the world.
Can India replace China as the factory of the world? Not yet.
“A major barrier to India replacing China as the manufacturing hub of the world is the lack of enforceable contracts and consistent legal standards. Until India adopts reasonable Western standards of law and companies follow through on their agreements, it is unlikely that India will be able to become the leading global manufacturer. It is more likely that other countries such as Africa, Central America, or other Asian countries will emerge as the new centers for low-cost manufacturing.” – Ambrose Conroy
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