Global Competitiveness Index

India witnessed the sharpest rise among the Asian economies, with a six-position jump from 43rd to 37th rank on the World Competitiveness Index compiled by the Institute for Management Development

A 10-notch slip in India's competitiveness calls for wider reforms

On macroeconomic stability, however, India's position improved to 43rd from 49th in 2018.

India has moved down 10 places to rank 68th on an annual global competitiveness index, largely due to improvements witnessed by several other economies, while Singapore has replaced the US as the world's most competitive economy. India, which was ranked 58th in the annual Global Competitiveness Index compiled by Geneva-based World Economic Forum (WEF), is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year). Announcing its latest index, the WEF said on Wednesday India ranks high in terms of macroeconomic stability and market size, while its financial sector is relatively deep and stable despite the high delinquency rate, which contributes to weakening the soundness of its banking system. India is ranked also high at 15th place in terms of corporate governance, while it is ranked second globally for shareholder governance, the WEF study showed. In terms of the market size, India is ranked third, while it has got the same rank for

The Forum's competitiveness report relies in part of executive surveys, in addition to hard economic data

IMD measures a country's competitiveness based on its performance on four key pillars - economy, government efficiency, business efficiency and infrastructure.

India needs to significantly bring down corruption and tax evasion to better perform in the Global Competiveness Index, Saritha Nayar, Chief Operating Officer of the World Economic Forum (WEF) has said.To that effect, policy measures such as demonetization and GST represent much needed reforms, she told Business Standard on Tuesday.Nayar is in India to attend the 33rd edition of WEF's flagship economic event in the country- the India Economic Summit being organized in association with the Confederation of Indian Industry (CII).India's rank is down by a single position in the latest world competitiveness index complied by WEF. Released last week, it places India at 40th among 137 economies for the 2017-18 report, down from 39th position in 2016-17. However, this is the country's highest score, under a new methodology, WEF has clarified.In 2016-17, India had jumped 16 positions, from 55th rank a year before. The index this year measures national competitiveness.Defined as the set of ...

But still remains most competitive country in South Asia: WEF

WEF's index shows India has gained in perception