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Indian Rating in World Competitiveness Index

Posted By On 11:08 PM Under
India has been placed at the 32nd position in terms of world competitiveness by the International Institute for Management Development (IMD), the second best performer after China among the BRIC economies.The list of 59 nations was based on parameters such as government and business efficiency and both India and China have slipped by one place. The US and Hong Kong were the most competitive countries in overall competitiveness among 59 nations, both ahead of last year's winner, Singapore, which fell to the third spot this year. Atleast we have got an insight where we stand as an economy.

According to a ranking compiled by IMD, India was ranked in the 32nd spot, while China (19th) assured a place for itself in the top 20 economies. The other BRIC peers Brazil and Russia were positioned 44th and 49th, respectively in the list. we are atleast happy that we are ahead of Russia and Brazil and now can aim to compete with China. Brazil fell by six places, while Russia improved its position from last year's 51st place.

As a naton we have to work together as a cohesive force to take India in first 20 positions t become a force toreckon with among all nations. This is only possible by virtue of weeding out the corruption monster from Indian economy.

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