indiTraders - Forum for the Active Indian Trader  

Go Back   indiTraders - Forum for the Active Indian Trader > Markets > Stocks > Economics

Reply
 
Bookmark and Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 30-09-2015, 07:15 PM
Oxymoron's Avatar
Oxymoron Oxymoron is offline
Super Moderator
 
Join Date: Mar 2009
Location: Chennai
Posts: 1,275
Thanks: 4,471
Thanked 4,827 Times in 1,156 Posts
Oxymoron has a reputation beyond repute
Oxymoron has a reputation beyond reputeOxymoron has a reputation beyond reputeOxymoron has a reputation beyond reputeOxymoron has a reputation beyond reputeOxymoron has a reputation beyond reputeOxymoron has a reputation beyond reputeOxymoron has a reputation beyond reputeOxymoron has a reputation beyond reputeOxymoron has a reputation beyond reputeOxymoron has a reputation beyond reputeOxymoron has a reputation beyond reputeOxymoron has a reputation beyond repute
Default Narendra Modiís India has become more competitiveóbut still lags most Asian economies

Indian prime minister Narendra Modi’s promise of big bang reforms and speedy economic revival has managed to impress global institutions and investors. And a new study called The Global Competitiveness Report 2015-2016 by the Geneva-based World Economic Forum (WEF) is further proof.

India has climbed 16 spots to rank 55th among 140 countries on the WEF’s global competitiveness ranking. The WEF defines competitiveness as “the set of institutions, policies and factors that determine the level of productivity of an economy, which in turn sets the level of prosperity that the country can achieve.”

Switzerland tops the ranking, followed by Singapore, the US, Germany and Netherlands in the top five spots.

But compared to other Asian countries—including Japan, China, Thailand, Philippines and Indonesia—India is still behind. And even much smaller economies like Azerbaijan and Kazakhstan are ranked higher than India.

India’s current rank is also lower than its standing in 2010, when it ranked 49th out of 133 nations. Last year, it ranked 71st out of 144.

This “dramatic reversal,” according to the WEF, is due to the momentum initiated by Modi. His “pro-business, pro-growth, and anti-corruption stance has improved the business community’s sentiment toward the government,” it said.

“The quality of India’s institutions is judged more favourably, although business leaders still consider corruption to be the biggest obstacle to doing business in the country. India’s performance in the macroeconomic stability pillar has improved, although the situation remains worrisome,” the WEF added.

There are areas in the economy which need substantial progress, the report underlined. For instance, India ranks 120th when it comes to technological readiness—including factors like internet penetration, broadband availability, mobile users, and technology adoption—and 103rd in labour market efficiency.

Here’s how India ranks across a range of areas:
Parameter Ranking
Code:
Market size	3
Innovation	42
Business sophistication	52
Financial market development	53
Institutions	60
Infrastructure	81
Health and primary education	84
Higher education and training	90
Macroeconomic environment	91
Goods market efficiency	91
Labour market efficiency	103
Technological readiness	120
http://qz.com/513852/narendra-modis-...ian-economies/
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following 3 Users Say Thank You to Oxymoron For This Useful Post:
Reply

indiTraders - Forum for the Active Indian Trader > Markets > Stocks > Economics


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are On



All times are GMT +5.5. The time now is 09:55 PM.


vBulletin Copyright by vBulletin

Content Relevant URLs by vBSEO 3.3.2