The government’s Make In India initiative and its plans to set up coastal economic zones can both take a leaf out of the World Bank report, which says that advances in technology and altering trade patterns are affecting opportunities for export-led manufacturing.
The report, Trouble in the Making? The Future of Manufacturing-Led Development, says smart automation, advanced robotics, and 3-D printing are the new factors influencing locations conducive to production.
While these shifts threaten significant disruptions in future employment, particularly for low-skilled workers, they also offer opportunities, says the report released on Wednesday by the World Bank Group.
It underscores