How to fix manufacturing: Follow Germany, not China


India’s manufacturing sector has been sick for long. Despite the reforms of the 1990s, which boosted overall growth, India’s manufacturing could not improve its competitiveness.

At 15% of GDP, it is much smaller than China’s 30%, and smaller too than Germany’s 21%, though Germany has much higher wages and a much stronger currency. The trust deficit between employees and managers within Indian manufacturing enterprises, manifest in many incidents of industrial unrest, some resulting in d ..

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Categorised in: Manufacturing, Sector News

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