I see a mini IT kind of a trend playing out in manufacturing over next 5-7 years: Vikas Khemani

“India’s cost competitiveness vis-à-vis China has improved significantly. Our labour cost is $200, China’s labour cost is $800; our power costs have come down and are more or less at par with China. We are getting better on the logistics costs side also. I see a mini IT kind of a trend playing out in manufacturing over the next five-seven years. These drivers are not temporary, they are structural in nature and structural changes tend to last over 5, 10, 15 years.”