2.5.6 Availability of Low-Cost Labour
Fig1: Hourly Labour Costs in the
(Source: Werner International: Ref 8)
Labour Cost US $ per hour
2.5.7 Competitive Edge (Ref: 2)
- In terms of labour cost per hour , India already enjoys :
- a significant competitive edge over
developed countries like USA; UK and Italy.
- some competitive edge over
newly-industrialised economies like Hong Kong; Taiwan, Mexico, Southern Europe and coastal China.
- and relatively no competitive edge
over mainland China, Pakistan and Bangladesh.