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Best Countries Ranking Report
November 11 , 2022
533 days
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- The US News and World Report states that India has been ranked as the nation with the cheapest manufacturing cost ahead of China and Vietnam.
- According to the report, out of 85 nations, India has secured the 31st position in the overall best countries ranking.
- As per the report, under the open for business sub-category, India has scored 100 per cent when it comes to cheap manufacturing costs.
- But in 'favourable tax environment', it has scored 16.2 out of 100; 18.1 in the 'not corrupt' category and 3.5 in 'transparent government policies'.
- Also, the nation scored 9.9 in 'economically stable' sub-category.
- In the overall Best Countries ranking, Switzerland has topped the chart, followed by Germany, Canada, US and Sweden.
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