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World Economic Forum – India Improves Ranking by 16 places in Global Competitive Index

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World Economic Forum – India Improves Ranking by 16 places in Global Competitive Index

News Accessed From :

http://indianexpress.com/article/business/economy/global-competitiveness...

http://www.ndtv.com/india-news/india-jumps-16-places-ranks-39th-in-globa...

 

News Accessed On : 28th September 2016

Excerpts from the reports:

  • ​The report assessment indicates improved monetary policy and recent reforms towards opening up the economy and lower oil prices as reasons for improvement in ratings 
  • Ranked 39th the move was 16 places up from the previous assessment
  • Indian economy appears to have stabilized and promises to deliver highest growth among G-20 countries as per the report
  • "Recent reform efforts have concentrated on improving public institutions, opening the economy to foreign investors and international trade, and increasing transparency in the financial system", the report stated
  • China is ranked at the 28th spot. India is ranked at the second spot after China in terms of competitive economy, as per the report. Further, "India's competitiveness has improved across the board, in particular in goods market efficiency, business sophistication, and innovation.”
  • The report suggested focus needed in the manufacturing sector which has millions of unprotected and informal workers

 

Follow this link to read more :

https://www.weforum.org/reports/the-global-competitiveness-report-2016-2...

http://indianexpress.com/article/business/economy/global-competitiveness...

http://www.ndtv.com/india-news/india-jumps-16-places-ranks-39th-in-globa...