New Delhi, Feb. 28 -- India has the potential to produce technology at a lower cost than China if it can master and manufacture it efficiently, said World Bank Country Director Auguste Tano Kouame. He highlighted that India's large workforce gives it a competitive edge in the global market.
In an exclusive conversation with ANI, Kouame explained how economic growth affects a country's ability to compete. "From an economic perspective, when countries experience income growth, their comparative advantage shifts. Typically, as incomes rise, labor costs increase, making it harder to compete with lower-cost economies. So today, if you take a given technology, assuming India masters that technology produce it, it will produce it at a lower cos...
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