Interviews
India leapfrogs to 55th position in global competitive index
30 Sep '15
3 min read
"This dramatic reversal is largely attributable to the momentum initiated by the election of Narendra Modi, whose pro-business, pro-growth, and anti-corruption stance has improved the business community's sentiment toward the government.
"The quality of India's institutions is judged more favourably (60th, up 10), although business leaders still consider corruption to be the biggest obstacle to doing business in the country," the WEF said.
India's performance in the macroeconomic stability pillar has improved, although the situation remains worrisome (91st, up 10). Thanks to lower commodity prices, inflation eased to 6 per cent in 2014, down from near double-digit levels the previous year.
"The quality of India's institutions is judged more favourably (60th, up 10), although business leaders still consider corruption to be the biggest obstacle to doing business in the country," the WEF said.
India's performance in the macroeconomic stability pillar has improved, although the situation remains worrisome (91st, up 10). Thanks to lower commodity prices, inflation eased to 6 per cent in 2014, down from near double-digit levels the previous year.
The government budget deficit has gradually dropped since its 2008 peak, although it still amounted to 7 per cent of GDP in 2014, one of the world's highest (131st).
Infrastructure has improved (81st, up six) but remains a major growth bottleneck, particularly electricity, the report said. (SH)
Fibre2Fashion News Desk – India
Popular News
Leave your Comments
Jason Kent
British Textile Machinery Association (BTMA)
Dr. Michael Duetsch & Man Woo Lee
UPM Biochemicals and Dongsung Chemical
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
