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Updated stats on global manufacturing output. There is a lot to say about this but I think its important to focus on the growth of India, which has now surpassed South Korea as a manufacturing hub. While the aggregate size of Indian manufacturing still looks small this is a magnitudes increase from years past when it was a negligible contributor to global markets. More investments are planned in future and if trends continue I would not be shocked to see India emerge as a top 3 manufacturer within the next two decades as its economy grows to a level more commensurate with its demographic weight.

India has become the beneficiary of the liberalization policies of the post-Cold War era by opening up its markets to free competition. This is not to downplay the challenges and problems that still exist but its just a fact that this growth is a positive change. Especially as the world attempts (successfully or not remains to be seen) to reshore manufacturing away from China, Indian companies could stand to benefit.

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

Clanker Broadcasting Service /cbs

Wow I would not have guessed the US would be second in manufacturing. 

Definite violation of the “we don’t make anything here anymore” narrative

Thanks for sharing