"We are much cheaper then China. Foxconn pays wages
three to four dollar an hour... But that is not sufficient. That we can
tell you from our own experience. There are also other factors,"
Panagariya said at a function here.
Elaborating about other factors he said, "Power tariffs in India are very high. If the power tariff is relatively high then price (of product) will go up.
About the cheaper labour he thinks that labour margins (costs) per worker is low so that it could not be the only advantage to attract big investors in the country.
Panagariya also explained about other impediments like tougher regulatory regime which is hampering exports. As per his view, exporters have to seek a large number of clearance before exporting a product from India. http://post.jagran.com/cheap-labour-not-enough-to-drive-manufacturing-growth-lure-investors-arvind-panagariya-1440497432
Elaborating about other factors he said, "Power tariffs in India are very high. If the power tariff is relatively high then price (of product) will go up.
About the cheaper labour he thinks that labour margins (costs) per worker is low so that it could not be the only advantage to attract big investors in the country.
Panagariya also explained about other impediments like tougher regulatory regime which is hampering exports. As per his view, exporters have to seek a large number of clearance before exporting a product from India. http://post.jagran.com/cheap-labour-not-enough-to-drive-manufacturing-growth-lure-investors-arvind-panagariya-1440497432
Source: Business News
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