Comparison of the Influencing Factors of International Competitiveness between China and India Manufacturing Industries

This paper focuses on the international competitiveness of the manufacturing industries of China and India.Starting from the status quo of the development of the manufacturing industries in both countries, this paper compares and analyzes the influencing factors of international competitiveness.The results show that, the differences between the two countries in advanced production factors are relatively large, but they are similar in basic production factors.For the personnel and knowledge resources, China has a comparative outstanding advantage in terms of higher education enrollment rate, research expenditure, and number of patent applications compared to India.For the labor costs, India's manufacturing costs are more advantageous than that of China.For the capital resources, although India has continuously improved its ability to attract foreign investment in recent years, it is inferior to China.The development of manufacturing can not be separated from the support of related industries.The Indian's IT industry gives a lot of support to it's manufacturing industry, China is a logistics industry with more advantages.From the standpoint of the government, China's medical system is developing better, but India is lenient on taxation.According to the research conclusion, this paper makes corresponding recommendations for the development of China's manufacturing industry.