With Triple the Wages, China Still Attracts Indian Producers

Prime Minister Narendra Modi wants India’s companies to embrace their homeland as a manufacturing base. It’s a hard sell for businesspeople like Himanshu Baid.

Baid can still make more money in China even though he pays his workers three times more than at his two factories in India, which supply the domestic market. Congestion at ports, a lack of skilled workers and a shortage of raw materials offset any advantage India has with cheaper labor costs, he says.