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back to index backASIAtalk June,  2017


Make-in-India Lessons: Why Are Vietnam’s Electronics Exports Ten Times That of India’s?

Foreign firms are the growth engine for Vietnam’s high-technology exports, which reached 27% as a percentage of its total manufactured exports in 2014.

Its population is less than one-tenth of India’s and so is its gross domestic product. It may be growing at over 6% annually for the last three years, but India outpaces it by a whole percentage point more. So then why is it that Vietnam’s electronics exports are almost ten times that of India’s?

At a time when India’s electronics exports have hardly doubled over the last decade – and, in fact, have drifted down over the last few years – overseas sales from Vietnam in the sector have soared by a multiple of 23 from just $3.3 billion in 2007 to over $77 billion in 2016. India’s figure comes in at just $8.3 billion for 2016.

Comparing the two economies, while Vietnam’s GDP in 2016 at $201 billion is just a fraction of India’s $2.2 trillion, the former has made much faster progress than the latter in terms of per capita income. In 2010, the average Vietnamese citizen had an income of $1,297 in current dollars, compared to her Indian counterpart at $1,429. By 2016, the ASEAN member nation’s per capita GDP was almost a quarter than that of India, as per IMF estimates.

Vietnam’s attack on poverty too has been more successful than India’s. Between 1993 and now, its poverty ratio fell from 60% to just 13.5% as per its official poverty line. In 1993, more than half the population lived on less than $1.90 per day, the World Bank’s poverty measure; currently, just about 3% of the population remains below this income level. In India, 21.2% of citizens or 268 million people still have to be pulled up to over this baseline. The Southeast Asian nation also ranks higher in the UNDP Human Development Index, at 115 compared to India’s 131.

To read entire article and view graphs/charts, please click here.

Sourc: The Wire - GAI






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