SL ranked 10th in terms of manufacturing cost

Sri Lanka has been ranked 10 as the country with the cheapest manufacturing costs, as per a list compiled by US News and World Report by global survey respondents.

According to the report, India has become the leader when it comes to cheap manufacturing costs.

The list published by the US News and World Report is as follows: 1. India, 2. China, 3. Vietnam, 4. Thailand, 5. Philippines, 6. Bangladesh, 7. Indonesia, 8. Cambodia, 9. Malaysia, 10. Sri Lanka.

The rankings report is based on how global perceptions define countries in terms of a number of qualitative characteristics—impressions that have the potential to drive trade, travel, and investment, and directly affect national economies. The report covers perceptions in 85 nations.

Attributes were grouped into 10 sub-rankings that rolled into the Best Countries rankings: adventure, agility, cultural influence, entrepreneurship, heritage, Movers, Open for Business, Power, Social Purpose and Quality of Life.

These thematic sub-rankings were formed by grouping countries attribute that had similar global trends in survey responses. Sub-ranking scores for each country were determined by averaging the scores that country received in each of the attributes comprising that sub-ranking. (Chaturanga Pradeep Samarawickrama)