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Home / News / India News / India climbs global competitiveness ladder
  • India

    India climbs global competitiveness ladder

    Mansi Motwani
    Written by
    Mansi Motwani
    Mail
    Last updated on May 31, 2016, 12:40 pm
    India climbs global competitiveness ladder
  • India rose three ranks in the global competitiveness index from 44 in 2015 to 41 in 2016.

    According to the Switzerland-based IMD World Competitiveness Centre, the rise can be attributed to improvement in exchange rate stability, fiscal deficit management and efforts to tackle corruption and red tape.

    China-Hong Kong ranked first, Switzerland second, making USA third for the first time in three years.

  • In this article
    IMD World Competitiveness Yearbook India climbs global competitiveness ladder India in the World Competitiveness Yearbook Growth of Asia's third-largest economy World Competitiveness Yearbook Stats Common factor amongst the Top 20
  • Introduction

    IMD World Competitiveness Yearbook

    IMD World Competitiveness Yearbook
  • The International Institute for Management Development (IMD) World Competitiveness Yearbook is the leading annual report published since 1989 on the competitiveness of the nations.

    Performances of 62 countries are analysed on the basis of over 340 criteria, measuring different facets of competitiveness.

    More than 5,400 business executives are asked to evaluate the situation in their own countries and their responses help prepare the report.

  • 31 May 2016

    India climbs global competitiveness ladder

    India climbs global competitiveness ladder
  • India rose three ranks in the global competitiveness index from 44 in 2015 to 41 in 2016.

    According to the Switzerland-based IMD World Competitiveness Centre, the rise can be attributed to improvement in exchange rate stability, fiscal deficit management and efforts to tackle corruption and red tape.

    China-Hong Kong ranked first, Switzerland second, making USA third for the first time in three years.

  • India

    India in the World Competitiveness Yearbook

    India in the World Competitiveness Yearbook
  • While our country's overall performance and managerial practices improved, it suffered a setback due to lack of investments in health, education and environment.

    Tax evasion, ease of doing business and transparency were the advancements India made whereas consumer price inflation, female labour force, consumption tax rate were considered as India's declines.

    Government efficiency was ranked 47th, unchanged since the last three years.

  • Personal

    Growth of Asia's third-largest economy

  • India's gross domestic product grew 7.5 percent year-on-year between January and March 2016, faster than the previous quarter's 7.3 percent.

  • Other Countries

    World Competitiveness Yearbook Stats

    World Competitiveness Yearbook Stats
  • USA yielded it's position as the world's foremost competitive economy to China-Hong Kong and Switzerland.

    Combined with the top three, Singapore, Sweden, Denmark, Ireland, the Netherlands, Norway and Canada complete the top ten.

    36th-ranked Chile was the lone Latin American nation outside the bottom 20.

    Asian countries like Taiwan, Malaysia, Korea Republic and Indonesia regressed from their previous positions, showcasing a distinct decline.

  • Personal

    Common factor amongst the Top 20

  • All the countries that have a place secured amongst the Top 20 countries of the World Competitiveness Yearbook have a resembling pattern. It's their focus on business-friendly regulation, physical and intangible infrastructure and inclusive institutions.

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