What India can learn from Singapore, and what to be cautious about7 min read 25 Jun 2022, 05:22 PM IST
The WSJ article describes how Singapore reversed the declining trend for manufacturing’s share in GDP (it fell from 27% in 2005 to 18% by 2013), raising that share to 21% in 2020 and 22% in 2022, essentially through high degrees of automation, employing very few, highly skilled workers.
A futuristic factory comprises a gleaming building block inside which is automated machinery that whirs constantly, a man and a dog. No, the factory does not require that one man to operate it— the dog has been stationed there specifically to keep the man from touching any part of any of the interconnected machines. Why have a man there, in the first place? Someone's got to feed the dog, no!
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