2021
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
India
|
|
|
Japan
|
|
|
China
|
|
|
Australia
|
Detailed explanation-1: -India has overtaken the U.S. to become the second-most sought-after manufacturing destination globally, driven mainly by cost competitiveness, according to real estate consultant Cushman & Wakefield.
Detailed explanation-2: -Latest Update: India ranked 2nd in the 2021 Index and has overtaken the United States as the global manufacturing destination. In 2020, India had ranked 3rd and the US ranked 2nd. China retained its first position in the Global Manufacturing Risk Index, 2021.
Detailed explanation-3: -China remains at number one position, the consultant said in its 2021 Global Manufacturing Risk Index, which assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC).
Detailed explanation-4: -In addition to its low labor costs, China has become known as “the world’s factory” because of its strong business ecosystem, lack of regulatory compliance, low taxes and duties, and competitive currency practices.