India @ 41st Position in World
Competitiveness
India
rose its and standard and ranked at 41st position on the IMD World
Competitiveness Scoreboard, 2016. Hong Kong takes the place of US by the
World’s most competitive economy.
Reasons for the
depreciation:
·
Reduction of
commodity prices
·
Increased value
of dollar
·
Drop of balance
sheets in both the private and public sectors
·
The director of
IMD World Competitiveness Center, Arturo Bris provided the analysis report for
the economic fall among the countries.
·
The enhancement
in business efficiency towards India when compared to the last
·
India improved
from 33rd position to 31st position by the accomplishment in an innovative ,
remunerative and responsible
·
The rankings are
framed on the basis of 340 criteria grouped under four head
i. Economic
performance
ii. Government
efficiency
iii. Business
efficiency
iv. Infrastructure
Other rankings:
2015
|
2016
|
|
Labour Market
|
22
|
12
|
Management
Practices
|
47
|
36
|
Attitudes and
Values
|
23
|
18
|
Fall in Finance
|
27
|
33
|
International
Investment
|
31
|
9
|
Employment
|
9
|
5
|
But
the performance criteria on price level is uttermost failure having rank 55 in
2016 from 37 position in 2015.
Downfall Rankings:
·
Infrastructure
ranking depreciates in performance standing 58th position from 53rd position.
·
The advancement
functionality suitably works in the field of public finance , institutional
framework and business legislation.
Top Rankings:
Countries
|
2015
|
2016
|
Hong Kong
|
2
|
1
|
Switzerland
|
4
|
2
|
USA
|
1
|
3
|
Singapore
|
3
|
4
|
Sweden
|
9
|
5
|
China
|
22
|
25
|
India
|
44
|
41
|
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