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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 ( .....

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ther said that the India s rank has steadily improved from 71 in 2014-15 to 55 in 2015-16 and to 39 in the latest report. With this improvement in its ranking, India has covered a long distance and is well on its way to emerge as a major player in th .....

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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 indi .....

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ould be viewed as an encouragement to us to continue with the agenda of reforms which would further streamline economic decision making and help us move up on the index of global competitiveness. The 12 pillars underlying GCI include Institutions, In .....

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nnovation. India s competitiveness has improved this year across the board, in particular in goods market efficiency, business sophistication and innovation. The macroeconomic environment also improved due to better monetary and fiscal policies and l .....

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