India jumps 16 spots in Global competitiveness second time in a row
The Dollar Business Bureau India has climbed 16 places to the 39th rank on the Global Competitiveness Index prepared by the World Economic Forum as improved business sophistication and goods market efficiency pushed its ranking higher. Switzerland for the eighth straight time, topped the list, as the most competitive economy while Singapore and US ranked at the second and third positions, respectively. The jump of 16 places for India from last year’s 55th place is the highest for any economy this year. India is also the second-most competitive among BRICS nations behind neighbouring China, which is ranked at the 28th position. On the index, India has a score of 4.52 while that of Switzerland is 5.81. Netherlands is at the fourth spot, followed by ...
'India 'bright spot' among larger emerging markets'
Source : PTI India and South Africa are the “bright spots” among larger emerging markets, as both these countries saw large improvement in the global competitiveness index compiled by World Economic Forum, while the trend for their peer countries is either one of decline or stagnation. According to The Global Competitiveness Report 2015-2016, the failure, particularly by emerging markets, to improve competitiveness since the recession suggests future shocks to global economy could have deep and protracted consequences. “However, there are bright spots: India ends five years of decline with a spectacular 16-place jump to 55th. South Africa re-enters the top 50, progressing seven places to 49th,” WEF said. China, holding steady at 28, remains by far the most competitive of this ...
