From AFP:
“Made in India” could be the next big economic story with the country challenging China’s position as the leading global manufacturing hub within five years, says a new report.
Right now China is the favourite choice for outsourcing manufacturing while India is preferred for information technology, finance and customer services, said Capgemini, Europe’s largest computer consultancy.
But “there’s a very keen interest in moving more manufacturing to India,” said Roy Lenders, vice president at Capgemini Consulting Services and the report’s author.
In fact, “India could challenge the position of China as the manufacturing centre of the world in the next three to five years,” Lenders said, citing a survey of 340 mainly Fortune 500 global manufacturing companies. [Full Text]