The Global Manufacturing Risk Index 2021, evaluates costs, risks, and conditions impacting manufacturing among 47 countries in Europe, the Americas, and Asia-Pacific. This report by Cushman & Wakefield says, “India takes the second spot after China as the most sought-after manufacturing destination globally.” TheUnited States was placed at third position in the Baseline category of the report, followed by Canada, Czech Republic, Indonesia, Lithuania, Thailand, Malaysia and Poland.
The rankings in the report are based on four key parameters, including the country’s capability to restart manufacturing, business environment (availability of talent/labor, access to markets), operating costs, and the risks (political, economic and environmental). The baseline ranking for top manufacturing destinations is determined on the basis of a country’s operating conditions and cost-effectiveness.
In the cost scenario ranking, India continued to retain the third spot like last year, while Vietnam is now at the fourth position.
“The growing focus on India can be attributed to India’s operating conditions and cost competitiveness. Also, the country’s proven success in meeting outsourcing requirements has led to the increase in the ranking year-on-year,” the report said.
Last updated: December 26th, 2025
