HomeEconomicsLower labour costs and increasing workforce give India edge over China

Lower labour costs and increasing workforce give India edge over China

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  • One of the primary competitive advantages that India is relying on to compete with its rivals in southeast Asia in the battle for a China-Plus-One strategy is a mix of low labour costs and a sizable surplus workforce that will keep expanding until 2031.
  • Along with India, Thailand, Indonesia, Malaysia, the Philippines, and Vietnam are competing for the attention of multinational corporations that produce goods in China.

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