SL at 66th in WEF’s Manufacturing Index

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By 2018-01-16

Sri Lanka has been ranked 66th in the World Economic Forum's (WEF) Global Manufacturing Index, making it the highest-ranked South Asian nation apart from India.

The index is contained in WEF's Readiness for the Future of Production Report 2018, released on Sunday (14).
Four countries from South Asia have been included in the index and India leads the region in 30th position, while Sri Lanka's other neighbours Pakistan and Bangladesh are ranked at 74th and 80th spots respectively.

The report has categorised 100 countries in four major groups for its ranking which include, Leading (strong current base, high level of readiness for future); High Potential (limited current base, high potential for future); Legacy (strong current base, at risk for future); or Nascent (limited current base, low level of readiness for future). Sri Lanka is placed in the Nascent category.
Meanwhile, Japan topped the rankings on the back of developing the best structure of production and is followed by South Korea, Germany, Switzerland, China, Czech Republic, US, Sweden, Austria and Ireland in the top 10.

The Readiness for the Future of Production Report analyzes and presents the results of the first edition of the Readiness for the Future of Production Assessment, which measures how well positioned 100 countries and economies—across all geographies and stages of development—are to shape and benefit from the changing nature of production through the adoption of emerging technology. (CC)

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