'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 ...
