Indian media said can be comparable to "Made in China", India manufacturing development?

India's manufacturing industry is currently developing very well, mainly because of India's current labor costs are reduced, India's manufacturing industry has developed at a rate of more than 7%.

India's media think India's manufacturing industry can, China compared to India's manufacturing industry has indeed gained a very good development, but India's manufacturing industry does not have the strength to compare with China, although the current development speed is very fast, but India has not formed a perfect system.

India's low labor costs.

India's manufacturing industry can develop, mainly because of India's low labor costs, other countries are willing to set up factories in India, only to be able to promote employment in India, and ultimately will improve the income of ordinary people in India, but also able to make the sales of goods to be enhanced.

The Indian market has more space.

According to the latest data from India, the total population of India has exceeded 1.4 billion, and in the next 5 to 10 years will exceed the total population of our country, which is in fact a supportive role for the future development of India's economy, with a larger population will be able to obtain a larger consumer space, which will attract the capital investment of other countries.

India's manufacturing industry has not formed a perfect system.

India's manufacturing industry is not compared with China's qualifications and conditions, mainly because India's manufacturing industry does not have a system, in the absence of a system will be the lack of takeover, which will form a bad development, in this case, it is necessary to increase the regulation of India's manufacturing industry, in order to be able to form a very good employment environment, but also to allow the ordinary people to benefit, and ultimately to be able to make the industry The industry will eventually be able to achieve better development.

Through the analysis of the above three aspects, we can find that India's development in the future is indeed a very large potential, on the one hand, because of labor costs in the other hand, because of a very broad market space, India has the largest population in the world.