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India ranks sixth in Asia manufacturing index
Business Standard
|January 20, 2026
India needs to up the ante after ranking sixth among 11 Asian countries in the newly released Asia Manufacturing Index (AMI) 2026, which measures the relative competitiveness of major manufacturing economies across eight key pillars and 43 sub-parameters.
In its third year, the Index — released by Dezan Shira & Associates, a pan-Asian market entry advisory firm headquartered in Hong Kong — places India behind key Asian competitors in the global manufacturing race. Malaysia has moved up to second place for the first time in 2026, replacing Vietnam, which has slipped to third.
Among developed economies, Singapore has climbed one rank to fourth, overtaking South Korea, which has dropped to fifth. These shifts, the study says, reflect intensifying regional competition.
India remains ahead of Indonesia (seventh), while Thailand has made a sharp climb — from 10th in 2025 to eighth in 2026. The Philippines now sits at 10th place, Japan ranks ninth, and China continues to dominate the index, holding the top position for the third consecutive year. Bangladesh ranks last among the 11 countries studied.
This story is from the January 20, 2026 edition of Business Standard.
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