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India climbs steadily in the Global Competitiveness Index; Improves its ranking by 16 places for the second year in a row;. Now placed 39th among 138 countries ahead of BRICS countries other than China

News and Press Release - Dated:- 29-9-2016 - The Union Finance Minister Shri Arun Jaitley said that in an extremely positive development, data released by the World Economic Forum (WEF) shows that India s ranking in the Global Competitiveness Index (GCI) has improved by 16 places for the second year in a row. According to the latest ranking, he said that India is placed 39th among 138 countries, ahead of BRICS countries other than China which is ranked 28th. The Finance Minister Shri Jaitley fur .....

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rs across 12 pillars which again are clubbed together in three broad sub-indices, namely basic requirements, efficiency enhancers and innovation and sophistication factors. The report covers both business and social indicators which, directly or indirectly, impacts the competitiveness of the country in the global arena. The landmark improvement in the Global Competitiveness rankings India is in consequence of the structural reforms and policy initiatives taken by GOI in the last two years and sh .....

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