Key findings for India:
» India maintained 43rd rank on an annual IMD World Competitiveness Index. India has maintained its position for the past three years.
» This year, there has been a significant improvement in government efficiency in India.
Reason:
India’s improvements in the government efficiency factor are mostly due to relatively stable public finances and to the positive feedbacks we registered among Indian business executives with respect to the support and subsidies provided by the government to the private companies.
» Among the BRICS nations, India (43rd) is ranked second after China (16th). Other BRICS nations are- Russia (45th), Brazil (57th) and South Africa (62th).